Statement of SVLG CEO Ahmad Thomas on White House Announcement of $5 Billion in CHIPS R&D Funding
SVLG CEO Ahmad Thomas today applauded the White House, which today announced plans to invest over $5 billion in semiconductor-related research, development, and workforce needs, to advance President Biden’s goals of driving R&D in the United States through the CHIPS for America program. Thomas noted that California remains well-positioned to offer the highest return on investment for these federal funds.