Historic investments in broadband, semiconductors, and research bolstered U.S. competitiveness
On Tuesday, President Biden announced he would run for a second term in office, launching his reelection campaign. The reelection bid follows a first term in which Biden’s tech agenda was defined by historic investments to expand access to high-speed internet, revitalize the U.S. semiconductor industry, and fund American research, all while isolating international adversaries and uniting democratic nations in defense of an open, accessible Internet.
“President Biden’s approach to tech has had two big pillars: spreading tech jobs to more people and more places, and sticking up for America’s tech leadership in the world,” said Chamber of Progress CEO and Founder Adam Kovacevich. “By connecting more Americans to the digital world, rebuilding our semiconductor industry, and standing up against foreign discrimination against US tech firms , President Biden’s actions have helped maintain our tech edge.”
During his first two years in office, President Biden’s tech achievements included:
- Signing the CHIPS and Science Act, including $52 billion for American semiconductor research, development, manufacturing, and workforce development.
- Securing the bipartisan infrastructure deal, providing $65 billion to ensure all Americans have access to affordable high-speed internet.
- Pushing back against the EU’s Digital Markets Act (DMA) legislation over concerns that the legislation discriminated against America’s tech sector.
- Uniting over 60 nations to sign the Declaration for the Future of the Internet.
- Protecting the U.S.’s competitive edge against China’s tech sector by countering state-supported businesses and restricting U.S. tech investments that could enhance China’s military and intelligence capabilities.
- Issuing a crypto executive order focused on protecting consumers, bolstering U.S. competitiveness, promoting financial inclusion, supporting innovation, and combating illicit activity.
Chamber of Progress (progresschamber.org) is a center-left tech industry policy coalition promoting technology’s progressive future. We work to ensure that all Americans benefit from technological leaps, and that the tech industry operates responsibly and fairly.
Our corporate partners do not have a vote on or veto over our positions. We do not speak for individual partner companies and remain true to our stated principles even when our partners disagree.