Business leaders and senior government
officials to discuss new partnerships for U.S. technology
leadership and collaboration on next steps following passage of
CHIPS and Science Act
WASHINGTON, Aug. 8, 2022
/PRNewswire/ -- GlobalFoundries (Nasdaq: GFS) (GF), Applied
Materials, Inc. (Nasdaq: AMAT) and Ford Motor Company (NYSE: F)
today announced that the three companies' CEOs will be co-hosting a
summit of senior government officials, CEOs and C-suite executives
from companies either involved in technology manufacturing or
companies whose ability to compete depends on continued innovation,
technology leadership and access to semiconductor chips in the
U.S.
The recent passage of the CHIPS and Science Act is a testament
to the broad, bipartisan support and commitment to increasing
semiconductor manufacturing in the U.S. These investments will
enable the public-private partnerships that are needed to meet and
keep up with the increasing demand for semiconductors. It will
create the industrial strategy required to level the playing field
for competitive semiconductor R&D and manufacturing in the
U.S.
The CEO summit is bringing industry and senior government
partners together to engage in a constructive dialogue to discuss
how these public investments can accelerate semiconductor and
emerging technology manufacturing, support the electrification of
automobiles with a ready supply of chips, including feature-rich
chips, and strengthen the United
States' economy, supply chains, and national security.
Joining industry leaders will be National Economic Council
Director Brian Deese, Under
Secretary of Defense for Acquisition & Sustainability Dr.
William LaPlante, and National
Security Council Senior Director for Technology & National
Security, Tarun Chhabra underscoring the importance of
domestic manufacturing to national and economic security.
"President Biden and Congress have taken the bold action to
level the playing field for competitive semiconductor manufacturing
in the U.S.," said Dr. Thomas
Caulfield, President and CEO of GF. "The CHIPS and Science
Act protects U.S. economic, supply chain and national security by
accelerating semiconductor manufacturing on American soil and
provides our customers with the supply chain predictability,
reliability and security they expect and deserve."
The one-day summit is being held Monday,
Aug. 8, 2022, in Washington
and brings together leaders from:
- Semiconductor equipment, manufacturing and product companies,
and industry associations
- Major automotive, technology and advanced systems
companies
- The White House and Department of Defense
"Semiconductors are the foundation of incredible advances in
technology that will transform nearly every area of the economy
over the coming decades," said Gary
Dickerson, President and CEO of Applied Materials. "The
CHIPS and Science Act provides a catalyst for the industry to
accelerate investments to make our supply chains more robust, speed
up innovation and commercialization of next-generation technology,
and create thousands of U.S. jobs."
With the investments that semiconductor manufacturers, their
customers and the U.S. government will be making following the
legislation's recent passage, summit participants will be
discussing how industry stakeholders can best accelerate U.S.:
- Semiconductor manufacturing
- Transportation electrification
- Economic, supply and national security
"With his expected signing of the bipartisan CHIPS and Science
Act tomorrow, President Biden is making it clear that government
and industry leaders are laying the foundation for the next chapter
in American innovation and manufacturing," said Jim Farley, President and CEO of Ford. "A
reliable domestic supply of chips, including legacy semiconductors
needed in the automotive and defense industries, will keep
American manufacturing lines humming, help make sure customers get
the connected and electric vehicles they want, and strengthen the
American economy and national defense."
More than 35 senior executives and leaders will be joining Dr.
Thomas Caulfield, President and CEO,
GF, Gary Dickerson, President and
CEO, Applied Materials and Jim
Farley, President and CEO, Ford at the summit for these
timely and critical discussions. A list of participants may be
found here.
About GF
GlobalFoundries, Inc. (GF) is one of the world's leading
semiconductor manufacturers. GF is redefining innovation and
semiconductor manufacturing by developing and delivering
feature-rich process technology solutions that provide leadership
performance in pervasive high growth markets. GF offers a unique
mix of design, development and fabrication services. With a
talented and diverse workforce and an at-scale manufacturing
footprint spanning the U.S., Europe and Asia, GF is a trusted technology source to its
worldwide customers. For more information, visit www.gf.com.
About Applied Materials
Applied Materials, Inc. (Nasdaq: AMAT) is the leader in
materials engineering solutions used to produce virtually every new
chip and advanced display in the world. Our expertise in modifying
materials at atomic levels and on an industrial scale enables
customers to transform possibilities into reality. At Applied
Materials, our innovations make possible a better future. Learn
more at www.appliedmaterials.com.
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in
Dearborn, Michigan, that is
committed to helping build a better world, where every person is
free to move and pursue their dreams. The company's Ford+ plan for
growth and value creation combines existing strengths, new
capabilities and always-on relationships with customers to enrich
experiences for and deepen the loyalty of those customers. Ford
develops and delivers innovative, must-have Ford trucks, sport
utility vehicles, commercial vans and cars and Lincoln luxury vehicles, as well as connected
services. Additionally, Ford is establishing leadership positions
in mobility solutions, including self-driving technology, and
provides financial services through Ford Motor Credit Company. Ford
employs about 182,000 people worldwide. More information about the
company, its products and Ford Credit is available at
corporate.ford.com.
View original
content:https://www.prnewswire.com/news-releases/globalfoundries-applied-materials-and-ford-to-co-host-ceo-summit-to-secure-us-chip-supply-chain-301601301.html
SOURCE GlobalFoundries (GF)