September 20, 2023

MADISON, NJ: Bill Foley, American Microsemiconductor, Inc. CEO, joins U.S. Representative Mikie Sherrill (D-NJ) for the New Jersey Manufacturers’ Panel to collaborate with statewide manufacturers looking to reduce China’s commercial dominance in manufacturing.  

After three decades of dedicated service in the semiconductor industry, Bill has acquired a profound understanding of the intricate web of challenges and opportunities that define this dynamic sector. This experience has not only honed his expertise in the field but has also provided him with a unique perspective on the critical interplay between supply chain intricacies and the rigorous manufacturing demands that are essential for bolstering America’s self-reliance in the technology industry.

In an era where technology underpins every facet of our daily lives, from smartphones to advanced medical devices, securing a robust and resilient supply chain for semiconductor components is paramount. These tiny but mighty chips power a vast array of applications, and safeguarding their supply is not just a matter of convenience but one of strategic importance for national security and economic stability.

The recently enacted CHIPS Act, which provides funding for advancing semiconductor manufacturing in the United States, is poised to be a game-changer. With its generous provisions, it promises to be a catalyst for economic revitalization and job growth, particularly in states like New Jersey.

New Jersey, often referred to as the “Garden State,” boasts a rich history of innovation and industry. From Thomas Edison’s laboratory in Menlo Park to cutting-edge pharmaceutical companies headquartered in the state, New Jersey has consistently been at the forefront of technological advancements.

Furthermore, the positive ripple effect of this investment extends to education and research institutions in the state. Collaborations between semiconductor companies and academic institutions can foster innovation and drive advancements in semiconductor technology. This, in turn, can lead to the development of cutting-edge products and solutions that have the potential to redefine industries and improve our quality of life.

In conclusion, after three decades of navigating the intricacies of the semiconductor industry, it is clear that the CHIPS Act is a timely and much-needed boost for the United States’ technological prowess. This legislation promises to bolster the nation’s self-reliance, strengthen its supply chains, and stimulate economic growth, with New Jersey poised to play a significant role in this transformative journey. As we move forward, the synergy between industry, government, and academia will be pivotal in reshaping the landscape of American technology, fostering innovation, and ensuring a brighter and more self-reliant future in the technology industry.

About American Microsemiconductor Inc

Incorporated in 1972, American Microsemiconductor, Inc. has been supplying semiconductors and other discrete active electronic components to major industrial accounts worldwide for over five decades. The company specializes in all semiconductor components for commercial, industrial and high reliability military and aerospace clients.