CHIPS Act Passes U.S. Congress
Statement from Infinera CEO, David Heard:
“As a U.S.-based semiconductor manufacturer, Infinera would like to congratulate Congress on the passage of the CHIPS Act. This is a critical piece of legislation that will ensure increased U.S.-based production and improved supply chain resiliency for this important technology.
While much of the focus of semiconductors is on silicon-based technology used for CPUs and GPUs, there is also a $50B+ industry for compound semiconductors that are used for everything from LED lighting and mobile phone displays to facial recognition and 3D sensing, and which underpin all modern telecommunications networks and services.
This funding will help companies, particularly mid-cap and smaller U.S.-based fab operators like Infinera, expand our domestic production of semiconductors and boost America’s global competitiveness.”