U.S. Senator Peters on His Amendment to Increase American Semiconductor Production

U.S. Senator Gary Peters (MI) today announced that his amendment to increase domestic production of semiconductor chips was passed as part of a larger bill on economic competitiveness, which was advanced in the Commerce, Science and Transportation Committee. The amendment – which Peters authored with U.S. Senator Debbie Stabenow (MI) – would establish a supplemental financial assistance program at the Department of Commerce to support the production of mature semiconductor technologies, particularly for industries that have been severely impacted – including the American auto industry.