SEMI Commends President for Commitment to American Innovation and Competitiveness
America COMPETES Bill Signed Into Law
WASHINGTON, D.C., – August 9, 2007 – SEMI praised Congressional leaders for passing the America COMPETES act, and commends President Bush for signing this bill into law.
The America COMPETES Act focuses on research and development, education, energy independence and small business. The law is designed to increase critical research funding for the National Science Foundation and the National Institute of Standards and Technology. Provisions include authorization of $43.3 billion over fiscal years 2008-2010 for science, technology, engineering and mathematics research and education programs across the federal government.
As the voice of the semiconductor manufacturing technology industry, SEMI has long called for improvements in U.S. Government support of basic research and technical innovation. In response to this issue, the association recently launched its “Secure the Future” campaign to promote legislation that encourages innovation and advanced manufacturing in the U.S.
“SEMI is deeply involved in policy initiatives targeted at strengthening the American workforce, increasing competitiveness and innovation, and providing incentives to companies developing enabling technologies,” said Victoria Hadfield, president of SEMI North America.
“We thank the Senate and the House for their leadership, and the President, for his commitment to advancing domestic innovation policy,” said Hadfield. “This has been a significant bipartisan effort, and we look forward to addressing the remaining key priorities—including immigration reform and the R&D tax credit, which encourages greater private-sector initiatives in technology.”
SEMI is a global industry association serving companies that provide equipment, materials and services used to manufacture semiconductors, displays, nano-scaled structures, micro-electromechanical systems (MEMS) and related technologies. SEMI maintains offices in Austin, Beijing, Brussels, Hsinchu, Moscow, San Jose (Calif.), Seoul, Shanghai, Singapore, Tokyo and Washington, D.C. For more information, visit: www.semi.org.