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Semiconductor industry urges targeted trade strategy, investment and workforce steps to sustain U.S. lead
Summary
The Semiconductor Industry Association told the Senate Finance Committee that broad tariffs could raise costs for chipmakers and urged targeted exemptions, expanded tax credits, increased R&D and workforce development to protect U.S. competitiveness and the CHIPS‑era investments.
Semiconductor industry leaders told the Senate Finance Committee on May 14, 2025, that targeted trade measures, not blanket tariffs, are needed to preserve U.S. competitiveness as domestic chip manufacturing expands under CHIPS‑era investments.
David Isaacs, vice president for government affairs at the Semiconductor Industry Association, said the industry has announced “investments of over $540,000,000,000 in dozens of projects in 28 states”…
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