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Movandi Says Chips Act Will Spur Innovation

Irvine-based company hails law signed by Biden

Maryam Rofougaran, the CEO of  5G wireless technology equipment maker Movandi, said the semiconductor support law signed by President Joe Biden will “will clearly be a boon for large-scale chip manufacturers.”

“In the long run, this critical legislation will also nurture a robust chip ecosystem,” Rofougaran said in a posting on the Irvine-based company’s website.

She added:  “After more than two years of wrangling and revisions by both houses of Congress, passage of the CHIPS for America Act, now signed into law by President Joe Biden, will provide more than $52 billion to invest in domestic U.S. chip manufacturing and research.”

For further details, see the Aug. 22 print edition of the Business Journal.

 

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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