The US is the global leader in semiconductors, a crucial technology for digital transformation in various sectors. The US semiconductor industry drives economic growth and job creation, with chips enabling advanced technologies such as AI, 5G, and quantum computing. Continued American leadership in semiconductors is vital for national security, as chips power advanced weapons systems and protect critical infrastructure. To maintain US dominance and ensure economic and national security, the US government should invest in the semiconductor manufacturing ecosystem and R&D. The US defense modernization priorities rely on advanced semiconductor technologies, including 5G, AI, autonomous systems, cybersecurity, space and hypersonics, directed energy, and quantum computing.