NJ Tech Expert speaks at "The CHIPS Act" Press Conference

Bill Foley, President of American Microsemiconductor Inc consults and speaks on the CHIPS Act to promote domestic chip manufacturing
MADISON, N.J. - Nov. 3, 2022 - PRLog -- Earlier this year, U.S. Senator Bob Menendez (D-N.J.) contacted Bill Foley, President of American Microsemiconductor Inc to consult on the shaping of the "The CHIPs Act" which provides $52 billion to incentivize U.S. computer chip and semiconductor manufacturing.  After thirty years in the semiconductor industry, Bill understands the supply chain issues as well as the manufacturing demands that are needed to make the US more self reliant in the technology industry.

Bill was joined by Senator Menendez to speak at a press conference held in Jersey City, NJ on July 25, 2022 urging the Senate to push the bill into law. Speaking at the event, Bill Foley said:

"The 'CHIPS Act' allows American semiconductor manufacturers to maintain leadership in technology while reducing dependence and vulnerability on foreign suppliers. The 21st century will be driven by innovation and technology in advanced semiconductor production and advanced assembly technologies," . "The 'CHIPS Act' can reduce American dependence on materials and equipment from foreign companies. From these capabilities, we will be able to shore up production gaps that have occurred over the years. These gaps have led to rising production and material costs with delays in deliveries. We have all seen it and no one has been immune to these price changes."

Impressed with Bill's expertise, US Congresswoman Mikie Sherrill also invited Bill to join roundtable discussions about Wireless Telecom Group to highlight the CHIPS and Science Act, which will support NJ-11 businesses and lower costs for families. This bipartisan legislation provides about $52 billion for domestic semiconductor research, development, and manufacturing, as well as authorizing major funding increases for science and technology research and development.

The CHIPS and Science Act passed into law on August 9, 2022. The legislation seeks to expand domestic chip production would help ease supply chain disruptions that have impacted the economic recovery from the COVID-19 pandemic as a chip shortage has affected many industries including automobile manufacturers, technology, cell phone companies and more. You can listen to Bill's speech and the full press conference at this link: https://tinyurl.com/2p8d63mf

Sean Michaels
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