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One of the most profound lessons of the COVID-19 pandemic is to not take access to technology for granted. Education, business, medicine, transportation, defense and infrastructure all increasingly rely on cloud computing, wireless networks, broadband, AI and other digital technologies.
Semiconductors, today sourced primarily from overseas, are the brains powering these essential technologies, and the backbone of U.S. economic competitiveness and national security. They underpin vital technologies, from cellphones to satellites, from smart grids to advanced industrial and defense equipment. Last year, semiconductor supply was interrupted when demand growth coincided with pandemic-related disruptions to global supply chains, shuttering manufacturing lines in key industries and slowing delivery of essential products.
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