Washington, DC – Congressman Frank Pallone, Jr. (NJ-06) today helped pass the bipartisan CHIPS and Science Act in the U.S. House of Representatives. As Chairman of the Energy and Commerce Committee, Pallone included critical provisions in the bill that invest over $54 billion to ensure more semiconductors are produced in the United States. The bill will also bolster semiconductor manufacturing, boost resilience in U.S. supply chains, create good-paying American jobs, and lower costs for families in the United States. New Jersey could benefit from this investment in chip manufacturing, especially the New Jersey Innovation and Technology Hub in New Brunswick.
“The CHIPS and Science Act will lower costs for consumers, create good paying American jobs, and end our dangerous dependence on foreign manufacturers of critical goods,” said Pallone. “As a result of the COVID-19 pandemic, automakers, medical supply companies, and manufacturers of heavy machinery faced severe disruptions, which drove up prices. That’s why this bill invests $54 billion in American manufacturing to lower costs by ending dependence on foreign manufacturers. My home state of New Jersey has a well-known reputation for research and manufacturing. There’s simply no reason why we can’t invest in American workers, innovation, and manufacturing.”
The CHIPS and Science Act also invests $1.5 billion in the Public Wireless Supply Chain Innovation Fund for the deployment and promotion of Open Radio Access, or Open RAN Networks. This investment will help bring more diversity and innovation to wireless supply chains while also countering the spread of harmful network equipment, like Huawei, here and around the globe. The Public Wireless Supply Chain Innovation Fund spurs movement towards open-architecture, software-based wireless technologies, and funding innovative, “leap-ahead” technologies in the U.S. mobile broadband market.
Video of Pallone’s remarks on the House floor are available here.
Original source can be found here.
