Chips-plus measure will help restore the motor vehicle component semiconductor production and strengthen the U.S. supply chain
Washington D.C.—A statement from Bill Long, president and CEO, Motor & Equipment Manufacturers Association (MEMA).
“Congratulations to the U.S. House and Senate for passing this vital Chips-plus measure that will help restore the motor vehicle component semiconductor production and strengthen the U.S. supply chain. MEMA is particularly grateful that Senator Debbie Stabenow, Senator Gary Peters, and the Michigan House Delegation made sure funds are available in the CHIPS Act for mature node chip production.
“Senators Chuck Schumer and Todd Young led the effort in the Senate to get CHIPS-plus over the finish line. Their efforts make sure investment in the manufacturing and technology sectors in North America keeps pace with those in Asia and Europe.
“MEMA members look forward to legacy chip manufacturers receiving CHIPS grants. All vehicle component manufacturers are facing chip shortages, but they are most acute in smaller tier 2 and tier 3 companies that can least afford it. More chips mean more jobs because of increased production and sales of U.S. motor vehicles and parts. This will provide for greater stability in U.S. production and more availability for the U.S. consumer.
“Thanks to the bipartisanship of the Senate and the House, help is on the way to motor vehicle parts manufacturers large and small.”
Background
The CHIPS-plus legislation provides $52 billion in funding for semiconductor fab construction for the sector. This funding includes a $2 billion mature node chip preference for chips for the motor vehicle and parts industry and full eligibility for all CHIPS programs for mature node motor vehicle grade chips producers. Additional National Science Foundation (NSF), National Institute of Standards and Technology (NIST), and Department of Energy (DOE) funding for science and basic research was also included. CHIPS-plus was earlier approved by the U.S. Senate and is now heading to President Biden’s desk for his signature.
About MEMA
The Motor & Equipment Manufacturers Association (MEMA) and its four specialized divisions comprise a leading international trade association in the fast-changing mobility industry. Representing vehicle suppliers that manufacture and remanufacture components, technologies, and systems for use in passenger cars and heavy trucks, MEMA serves as a critical bridge between high-tech capabilities in new vehicles –such as autonomous vehicles and vehicle connectivity—and the “nuts and bolts” of vehicle manufacturing.
MEMA works at state, federal, and international levels to ensure that the marketplace and public policy support the development of advanced, transformative technologies that enable safer, smarter, and more efficient vehicles. MEMA’s members are represented through four divisions: Automotive Aftermarket Suppliers Association (AASA), Heavy Duty Manufacturers Association (HDMA), Motor & Equipment Remanufacturers Association (MERA), and Original Equipment Suppliers Association (OESA). For more information on how MEMA is leading transformation in the mobility industry, visit www.mema.org.
Comments are closed.