SIA, Barrett Renew Call For funds To Preserve U.S. Leadership

U.S. leadership in technology is under assault," said Intel CEO Barrett, in a statement. "The challenge we face is global in nature and broader in scope than any we have faced in the past."
"Federal funding for R&D as a percentage of U.S. gross domestic product has been almost cut in half over the past 20 years. We must return to the investment levels of the mid-1980s in order to compete for leadership," said Steve Appleton (Micron Technology and chairman of the Semiconductor Industry Association), in the same statement.

When two key executives bemoan the lack of investment in R&D, and fear the long term ramifications for U.S., other business executives and politicians should take notice.

Peter S. Kastner