President Biden recently signed into law the bipartisan CHIPS and Science Act of 2022, which will boost American semiconductor research, development and production. “The CHIPS and Science Act is a reminder of what Washington can achieve when policymakers from both parties come together to tackle our country’s greatest challenges,” said Frank Hugelmeyer, president of the National Marine Manufacturers Association. “This legislation will bring home largescale semiconductor manufacturing, leaving our country and economy less susceptible to volatile global supply chains.”

For more information on the CHIPS and Science Act of 2022, click here.