IN A MEETING WITH IBM CEO ARVIND KRISHNA, SCHUMER REAFFIRMS COMMITMENT TO SECURING FEDERAL SUPPORT FOR DOMESTIC SEMICONDUCTOR MANUFACTURING AND R&D; SAYS HE’LL FIGHT TO SECURE FEDERAL INVESTMENT FOR PLANNED IBM-LED NATIONAL SEMICONDUCTOR TECHNOLOGY CENTER THAT WOULD BRING 1,000+ JOBS TO CAPITAL REGION
In March, Schumer Announced Partnership Between IBM & Intel To Conduct Research & Development Of Next Gen Chips At IBM’s Albany Research Center
Schumer Continues To Lead Fight In Senate To Make An Historic Investment in Domestic Semiconductor Manufacturing And R&D; Says Fed Support Combined with IBM’s Industry Leadership and Regional Innovation Ecosystem Could Land New National Semiconductor Technology Center, Along With 1,000+ New Jobs At Albany Research Facility
Schumer: Fed Support For IBM, Semiconductor Industry Means Jobs In Upstate New York
After nearly a year of tireless effort to secure an historic federal investment in the domestic semiconductor industry, U.S. Senate Majority Leader Charles E. Schumer last week, in a meeting with IBM CEO Arvind Krishna, reaffirmed his commitment to securing $52 billion in federal funding for domestic semiconductor manufacturing and R&D through his U.S. Innovation and Competition Act, which he is pushing the Senate to pass next week. Part of this investment is $10.5 billion in R&D funds through the Department of Commerce, some of which will support the creation of a National Semiconductor Technology Center to conduct research, prototyping, and workforce training in advanced semiconductor technology with the private sector. Schumer noted that IBM’s planned collaboration with Intel, along with its renowned leadership in the semiconductor industry as highlighted by their recent major breakthrough in developing the world’s first chip with 2 nanometer technology, positions IBM’s Albany Research Center, where regional and national partners combine efforts in a collaborative innovation ecosystem, to be home to the proposed National Semiconductor Technology Center that would be expected to double the Capital Region’s semiconductor industry innovation jobs, bringing 1,000 or more new, good-paying jobs to the area.
“The $52 billion for domestic semiconductor manufacturing and R&D that I am fighting to pass as part of my U.S. Innovation And Competition Act will be the blueprint to make Upstate New York the global innovation and semiconductor hub,” said Senator Schumer. “IBM is one of the leaders of the charge to ramp up the semiconductor industry in New York, bringing with it good-paying jobs and the development of cutting edge technology. IBM with its world-renowned R&D in semiconductor technology, combined with a recently announced partnership with Intel to grow the semiconductor industry in the U.S., positions the company’s Albany Research Center to secured federal funds as the National Semiconductor Technology Center that would be funded through my bill. I expressed my strong support for IBM’s goals in the region in a meeting with CEO, Arvind Krishna, and I stand ready to pass this funding into law and fight for IBM to get this critical federal investment that will mean 1,000 or more new jobs for the Capital Region’s semiconductor ecosystem.”
Schumer has led the effort to create an historic new federal investment in domestic semiconductor manufacturing and R&D, which would fund the National Semiconductor Technology Center (NSTC), which IBM would compete for. Last year, Schumer unveiled his bipartisan American Foundries Act to bolster U.S. leadership in the semiconductor and broader microelectronics industries. He successfully added this bill as an amendment in July 2020 to the Senate’s Fiscal Year 2021 National Defense Authorization Act (NDAA) and these provisions became law as part of last year’s defense bill. The new programs included in NDAA will increase federal support for semiconductor manufacturing by providing new federal incentives to conduct advanced research and development of semiconductor technology, including the creation of the NSTC, secure the supply chain, and ensure national and economic security by reducing reliance on foreign semiconductor manufacturing. Schumer is now pushing for Senate passage of the U.S. Innovation and Competition Act, which along with including his Endless Frontier Act, also features $52 billion in emergency funding to implement the NDAA semiconductor programs to boost U.S. research and technology leadership.