In August 2022, The United States signed into law the new CHIPS and Science Act. This historic investment into American-made semiconductors looks to tackle supply-chain vulnerabilities while simultaneously tackling the reshoring of high-paying, high-tech, careers in the United States. Not only does this provide stability to our national supply chain, but it also helps to fund both technological innovation and scientific research, and strengthen our national security. The CHIPS and Science Act funds critical programs at the National Institute of Standards and Technology (NIST) and the National Science Foundation (NSF). The Laser Experts here at Power Technology, Inc are enthusiastic about the inclusion of High-Intensity Laser Research Initiative, which seeks to advance laser technologies in pursuit of scientific discovery and provide further national laboratory laser facilities.

An October 2022 set of export controls issued by the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) either restricts or requires new licensure requirements for certain semiconductor and advanced chip manufacturing equipment from being exported to, or designed for end-users in China or other mentioned countries.

Not only are The Laser Experts at Power Technology, Inc staying well-informed on the changing high-tech semiconductor manufacturing landscape, but we are taking it one step further by implementing company-wide standards and controls to ensure compliance by our equipment and most importantly, our clients.

Additionally, Power Technology, Inc hosted and sponsored the Arkansas Semiconductor Business Leaders Conference, where important decision-makers from the photonics, academic, government, and manufacturing industries met to develop a plan and discuss the implications of the CHIPS and Science Act on Arkansas and extension, our customers across the globe. You can view the on-demand version of that webinar below.