WASHINGTON – Ahead of the anticipated U.S. Senate vote on the U.S. Innovation and Competition Act, global tech trade association ITI issued the following statement from Shannon Taylor, Senior Vice President of Government Affairs and Senior Counsel:

“The U.S. Innovation and Competition Act gives the U.S. Senate a critical opportunity to demonstrate the U.S. government’s stated commitment to remain competitive on the international stage. U.S. investments in the semiconductor ecosystem – including promoting a strong, skilled advanced manufacturing workforce, strengthening the semiconductor supply chain, and increasing U.S. manufacturing capacity – will boost U.S. technological leadership, create jobs, and benefit the broader U.S. economy. We urge Senators to seize this all-important moment and advance the research, development, and manufacture of this critical technology. The United States must invest today to expand and diversify the semiconductor supply chain and ensure the U.S. continues to hold its innovative edge. We look forward to continuing working with U.S. policymakers to achieve these goals.”