AdvaMed, Semiconductor Industry Association Convene Roundtable on Supply Chain Issues
WASHINGTON, D.C. – Last week, AdvaMed President and CEO Scott Whitaker and Semiconductor Industry Association (SIA) President and CEO John Neuffer hosted a joint roundtable discussion that included dozens of industry leaders and supply chain executives from SIA and AdvaMed member companies, as well as senior officials from the Department of Commerce. The participants discussed ongoing supply chain issues for both the semiconductor and medical technology industries and how the two industries can work together to limit the effects of the chip shortage.
“Supply chain issues are not unique to any industry, but there are few industries as important to the health and wellbeing of millions of American patients as the medtech industry,” said Scott Whitaker following the roundtable. “I am grateful to SIA and the Commerce Department for joining AdvaMed for this critical discussion. We are fortunate to have partners in industry and within the federal government who understand the importance of this issue to the medtech industry and the patients we serve. This kind of ongoing communication and improved transparency will be crucial as we work out short-term supply chain issues and plan for the future.”
“In response to the global chip shortage affecting a range of critical industries, including the medtech sector, semiconductor companies have stretched existing manufacturing capacity to its limits, resulting in record semiconductor units shipped in 2021,” said John Neuffer. “To strengthen America’s chip supply chains over the long term, leaders in Washington must swiftly enact $52 billion in investments to strengthen domestic semiconductor research, design, and manufacturing. SIA appreciates the opportunity to meet with leaders from the medtech sector and the Commerce Department to exchange information about supply chain challenges and to discuss further collaboration to resolve them.
AdvaMed is the leading trade organization representing more than 400 companies that produce the medical devices, diagnostic products, and health information systems necessary for earlier disease detection, less invasive procedures, and more effective treatments. AdvaMed member companies manufacture the personal protective equipment, ventilators, COVID-19 diagnostic tests, and the medical equipment necessary to deliver the vaccines throughout this crisis.
The Semiconductor Industry Association (SIA) is the voice of the semiconductor industry, one of America’s top export industries and a key driver of America’s economic strength, national security, and global competitiveness. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. Through this coalition, SIA seeks to strengthen leadership of semiconductor manufacturing, design, and research by working with Congress, the Administration, and key industry stakeholders around the world to encourage policies that fuel innovation, propel business, and drive international competition. Learn more at www.semiconductors.org.
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AdvaMed member companies produce the medical devices, diagnostic products and digital health technologies that are transforming health care through earlier disease detection, less invasive procedures and more effective treatments. AdvaMed members range from the largest to the smallest medical technology innovators and companies. For more information, visit www.advamed.org.