The Motor and Equipment Manufacturers Association (MEMA) today announced its support of House passage of the critical $52 billion Creating Helpful Incentives to Produce Semiconductors for America (CHIPS) Act, including $2 billion reserved for motor vehicle grade mature node chips. That measure is contained within the broad America COMPETES Act, the House version of the U.S. Innovation and Competition Act (USICA), which passed the Senate (68-32) in June 2021.
“MEMA supports quick House passage of the CHIPS Act as the crisis in the semiconductor chip supply chain continues unabated in 2022 for motor vehicle parts manufacturers. That measure offers the best prospect for medium term relief,” noted Bill Long, MEMA President and CEO.
“We are especially grateful for Speaker Nancy Pelosi’s and Commerce Secretary Gina Raimondo’s leadership in getting the important CHIPS Act over the finish in the House as soon as possible. When enacted, this will help level the semiconductor playing field for the U.S. with competitors around the globe,” Long concluded.
Since 1904, MEMA has represented the interests of automotive and commercial vehicle suppliers. The vehicle supplier industry is the largest manufacturing sector in the United States, directly employing more than 907,000 people in all 50 states and generating 2.4 percent of U.S. GDP. Across the entire range of new vehicle innovation—from autonomous to zero-emissions technologies—vehicle suppliers are leading the way. Our member companies conceive, design, and manufacture the original equipment systems and technologies that make up two-thirds of the value in every vehicle. Member companies also supply the aftermarket with the parts that keep millions of vehicles on the road, fueling international commerce and society’s need for transportation. And all of our members’ work is done with a focus on public safety and the environment.