Bill Overview
Title: Securing Semiconductor Supply Chains Act of 2021
Description: This bill requires the SelectUSA program to solicit comments from state economic development organizations regarding federal efforts to increase foreign direct investment in semiconductor-related manufacturing and production. SelectUSA must then report to Congress on such comments and the strategies that SelectUSA may employ to increase such investment and to secure the U.S. semiconductor supply chain. SelectUSA is a Department of Commerce program established to coordinate federal efforts to attract and retain business investment in the United States.
Sponsors: Sen. Peters, Gary C. [D-MI]
Target Audience
Population: people employed or who could be employed in semiconductor-related fields
Estimated Size: 500000
- The global semiconductor industry is large and plays a vital role in the global economy, impacting millions of jobs across countries involved in semiconductor manufacturing, design, and related services.
- Increased investments and manufacturing capacity in semiconductor-related industries could create new jobs and opportunities, affecting individuals in the technology sector globally.
- Given the supply chain is global, any shift in policy affecting semiconductor investment in the U.S. could have workforce implications in countries currently leading in semiconductor manufacturing, such as Taiwan, South Korea, and China.
Reasoning
- The semiconductor policy primarily impacts individuals already involved or potentially involved in the semiconductor industry. This includes current workers such as engineers, factory workers, and supply chain professionals, as well as those who could enter the industry as it expands due to increased foreign investment and manufacturing capacity.
- Budget constraints necessitate prioritizing effective but cost-efficient measures to attract foreign investment within the financial limit. This means initial impact is likely moderate, focusing on strategic locations with existing infrastructure and workforce capabilities.
- There will be varied impacts across the population: some will see direct benefits from job creation and economic growth, while others will experience minimal change due to geographic or professional distance from the semiconductor sector.
- The interviews must reflect diversity in occupation, geographic location, and personal circumstances to determine the varying degrees of impact this policy might have.
Simulated Interviews
Semiconductor Engineer (San Francisco, CA)
Age: 45 | Gender: male
Wellbeing Before Policy: 8
Duration of Impact: 20.0 years
Commonness: 15/20
Statement of Opinion:
- The policy seems like a good initiative to bolster our industry against future supply chain disruptions.
- I hope it will create more job security and growth opportunities.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 9 | 8 |
| Year 3 | 9 | 8 |
| Year 5 | 9 | 7 |
| Year 10 | 10 | 7 |
| Year 20 | 10 | 6 |
Logistics Coordinator (Austin, TX)
Age: 28 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 12/20
Statement of Opinion:
- Increasing foreign investment could improve supply chain efficiencies and offer more job opportunities.
- I'm optimistic about the increased focus on logistics improvements.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 9 | 7 |
| Year 10 | 9 | 6 |
| Year 20 | 9 | 6 |
High School Teacher (Albany, NY)
Age: 39 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 1.0 years
Commonness: 20/20
Statement of Opinion:
- I can see the importance of semiconductors, but the policy doesn't seem directly relevant to my life.
- I hope educational content will expand to include more on tech industries.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 6 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 6 |
Manufacturing Plant Manager (Phoenix, AZ)
Age: 55 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 15.0 years
Commonness: 10/20
Statement of Opinion:
- This policy could bring new investments and technological advancements to our plant.
- There's potential for both growth and competitive pressure.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 9 | 6 |
| Year 5 | 9 | 6 |
| Year 10 | 10 | 5 |
| Year 20 | 10 | 5 |
Investment Analyst (New York, NY)
Age: 30 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 15/20
Statement of Opinion:
- The policy may lead to increased investment opportunities in semiconductor stocks.
- It seems beneficial for the tech sector and long-term economic security.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 8 | 7 |
| Year 10 | 9 | 6 |
| Year 20 | 9 | 6 |
University Professor (Portland, OR)
Age: 50 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 20.0 years
Commonness: 8/20
Statement of Opinion:
- This policy could increase interest and enrollment in semiconductor education.
- It’s promising for academic research funding.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 8 | 6 |
| Year 5 | 8 | 5 |
| Year 10 | 8 | 5 |
| Year 20 | 9 | 5 |
Retired (Boise, ID)
Age: 62 | Gender: male
Wellbeing Before Policy: 5
Duration of Impact: 5.0 years
Commonness: 18/20
Statement of Opinion:
- While I’m not directly affected now, this could boost my stock portfolio.
- It's encouraging for future industry prospects.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 6 | 5 |
| Year 5 | 6 | 5 |
| Year 10 | 7 | 4 |
| Year 20 | 6 | 4 |
Semiconductor Research Scientist (Raleigh, NC)
Age: 42 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 20.0 years
Commonness: 9/20
Statement of Opinion:
- The policy could lead to better funding and innovation potential for my projects.
- I see this as a positive step for scientific advancement.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 8 | 6 |
| Year 3 | 8 | 6 |
| Year 5 | 9 | 5 |
| Year 10 | 9 | 5 |
| Year 20 | 10 | 4 |
Graduate Student (Boston, MA)
Age: 26 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 14/20
Statement of Opinion:
- Increased investment could mean more job prospects after graduation.
- It aligns well with my career plans in semiconductors.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 8 | 6 |
| Year 10 | 9 | 6 |
| Year 20 | 9 | 6 |
Automotive Engineer (Detroit, MI)
Age: 34 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 15.0 years
Commonness: 11/20
Statement of Opinion:
- Semiconductors are critical for our new vehicle development.
- Expecting improvements in supply chain stability with this policy.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 9 | 7 |
| Year 5 | 9 | 6 |
| Year 10 | 9 | 6 |
| Year 20 | 8 | 5 |
Cost Estimates
Year 1: $3000000 (Low: $2000000, High: $4000000)
Year 2: $3000000 (Low: $2000000, High: $4000000)
Year 3: $3000000 (Low: $2000000, High: $4000000)
Year 5: $3000000 (Low: $2000000, High: $4000000)
Year 10: $3000000 (Low: $2000000, High: $4000000)
Year 100: $3000000 (Low: $2000000, High: $4000000)
Key Considerations
- The program must effectively coordinate with multiple state and foreign entities.
- Maintaining competitive advantage and technological leadership is key for attracting investments.
- Ensuring a robust evaluation framework for policy effectiveness is crucial.
- Global semiconductor market dynamics must be considered, including geopolitical factors.