SEMI Applauds Senate Progress on 2022 CHIPS Act and Urges Timely Congressional Approval

MILPITAS, Calif., July 19, 2022 – SEMI, the industry association serving the global electronics design and manufacturing supply chain, today applauded progress in the United States Senate on a strong set of Federal Semiconductor Supply Chain Incentives and urged its timely passage through Congress. The bill includes $52 billion in funding for new semiconductor programs, including $39 billion for a grant program available to semiconductor manufacturers as well as equipment and materials suppliers. Additionally, a 25% tax credit is included for facilities that produce semiconductors or semiconductor manufacturing equipment.

“To strengthen the U.S. semiconductor supply chain and keep pace with other regions offering incentives, it is critical that Congress pass CHIPS funding and the investment tax credit,” said said Ajit Manocha, President and CEO of SEMI. “With semiconductor manufacturing facilities heavily dependent on a complex supply chain of equipment and material suppliers, it is especially important that these vital manufacturing suppliers are eligible for incentives to ensure resilience, competitiveness and growth of the entire U.S. semiconductor ecosystem SEMI also supports the addition of an Advanced Semiconductor Research Tax Credit, the extension of the tax credit to investment in material suppliers and other proposed reforms.

Visit SEMI Global Advocacy to learn about public policy efforts and developments, and SEMI Workforce Development for more information on efforts to meet the talent needs of the microelectronics industry.

About Semi

SEMI connects more than 2,500 member companies and 1.3 million professionals worldwide to advance electronics design and manufacturing technology and business. SEMI members are responsible for innovations in materials, design, equipment, software, devices and services that enable smarter, faster, more powerful and more affordable electronic products. Electronic System Design Alliance (ESD Alliance), FlexTech, Fab Owners Alliance (FOA), MEMS & Sensors Industry Group (MSIG), and SOI Consortium are strategic SEMI technology communities. Visit www.semi.orgcontact one of our offices around the world.

Source: SEMI

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