The administration and Congress should establish a joint industry-university-government R&D partnership to reduce the cost of drug development and production.

To Do: Establish an R&D Partnership for New Drugs

The United States cannot afford to take a lackadaisical approach to global competition and must continue to promote innovation semiconductors and a host of other strategically important industries.

“CHIPS Plus Science” Act Is a Welcome First Step—But Only the Beginning, Not the End of a Competitiveness Agenda, Says ITIF

"CHIPS Plus Science" Act Is a Welcome First Step—But Only the Beginning, Not the End of a Competitiveness Agenda, Says ITIF

Congress should create a Super CHIPS Tax Credit for advanced-industry R&D and production firms’ purchases of machinery, equipment, and buildings.

Partly Done: Create a Super CHIPS Credit

Semiconductors represent the foundational industry for the entire global economy. The United States needs to ensure that it fields leading companies across the memory, logic, and analog subsectors, and that it maintains sufficient domestic semiconductor manufacturing to support its economic and national security needs.

Why America Needs Semiconductor Legislation to Bolster Its Economic and National Security

ITIF applauds this important step toward passing much-needed legislation to bolster the competitive position of America’s semiconductor industry, and calls on Congress to pass this legislation and bring it to the President’s desk within a week.

ITIF Urges Passage of the CHIPS-Plus Act to Bolster U.S. Competitiveness

Writing in The Hill, Stephen Ezell emphasizes the important of strong innovation-driven legislation around semiconductors in order for the United States to maintain its leadership position in an industry it helped build.

New Legislation Required to Secure U.S. Semiconductor Leadership

Some policymakers oppose the legislation, seeing it as merely corporate handouts to an already-profitable industry. But it isn’t about corporate welfare; it’s about the welfare of U.S. industrial competitiveness, defense capability, and the interests of the millions of American jobs the industry supports.

Why the House Needs to Pass the CHIPS and Science Act Today

Congressional passage of the legislation represents a tremendous step forward toward renewed U.S. industrial competitiveness, science and technology leadership, and greater levels of innovation to tackle pressing economic and social challenges—but it serves as merely the beginning, not the end of progress toward enacting a national competitiveness agenda.

Three Cheers for the CHIPS and Science Act of 2022! Now, Let’s Get Back to Work

Three Cheers for the CHIPS and Science Act of 2022! Now, Let's Get Back to Work

The United States must get the CHIPS Incentives program right, because if it fails to do so, the United States is seriously at risk of losing long-term competitiveness in the semiconductor industry.

To Do: Pass a CHIPS Act for the Biopharma Industry

Recommendation

Details

Editors’ Recommendations

Ensuring U.S. Biopharmaceutical Competitiveness

Related

To Do: Establish an R&D Partnership for New Drugs

“CHIPS Plus Science” Act Is a Welcome First Step—But Only the Beginning, Not the End of a Competitiveness Agenda, Says ITIF

Partly Done: Create a Super CHIPS Credit