The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
12/9/2021 READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with the Semiconductor Industry Association | U.S. Depa… READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with the Semiconductor Industry Association December 8, 2021 WASHINGTON — U.S. Secretary of the Treasury Janet L. Yellen met with the Semiconductor Industry Associationʼs Board of Directors today. Secretary Yellen noted the strength of Americaʼs economic recovery and highlighted how the recently signed bipartisan infrastructure law will modernize U.S. infrastructure and strengthen the U.S. economy. She discussed how the law will drive domestic demand for semiconductors through investments in key industries enabled by semiconductor technology such as power generation and transmission, broadband and electric vehicle infrastructure. The Secretary also underscored the need to pass President Bidenʼs Build Back Better Act, which includes measures to increase domestic production of semiconductors to increase supply. The participants discussed global supply chain issues and manufacturing challenges that have been addressed by the Biden Administrationʼs Supply Chain Disruptions Task Force. Secretary Yellen highlighted the BidenHarris Administrationʼs e orts to address shortages and data showing that supply chain disruptions are beginning to ease, including, for example, that the price of shipping a container between Asia and the West Coast has fallen 25 percent in the last weeks. The Secretary reiterated that the Biden-Harris Administration is committed to using all the tools at its disposal to solve supply chain issues and ensure that Americans have access to the products they need. Attendees at this meeting included: Cristiano Amon, President & CEO, Qualcomm Jim Anderson, President & CEO, Lattice Semiconductor Tom Caulfield, CEO, GLOBALFOUNDRIES Dario Gill, SVP and Director of Research, IBM Research David Goeckeler, CEO, Western Digital Liam Gri in, President & CEO, Skyworks Solutions, Inc. Matt Johnson, President, Silicon Labs Sanjay Mehrotra, President & CEO, Micron Technology, Inc. https://home.treasury.gov/news/press-releases/jy0522 1/2 12/9/2021 READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with the Semiconductor Industry Association | U.S. Depa… John Neu er, President & CEO, Semiconductors Industry Association Tim Teter, EVP & General Counsel, NVIDIA Richard Templeton, President & CEO, Texas Instruments https://home.treasury.gov/news/press-releases/jy0522 2/2
@FedFRASER