Menlo Micro released the following statement from CEO Russ Garcia commending President Biden for signing the CHIPS and Science Act into law. The legislation includes a historic investment to support production of American-made semiconductors, strengthen domestic supply chains, and revitalize American technological innovation.
“By signing the CHIPS and Science Act into law, President Biden has ushered in a new era of American innovation. The bill’s investments in domestic production, research and development of critical microelectronics will help strengthen America’s tech leadership, secure America’s supply chains, and fuel the American economy for years to come.
“We thank President Biden as well as Secretary Raimondo and the bill’s bipartisan champions in Congress who have tirelessly fought to get this legislation across the finish line. We now look forward to working together to ensure this critical funding reaches the small tech companies and start-ups that are the leading source of innovation across America’s most critical industries, including communications, energy and defense.”