Chip leadership is critical to ensuring U.S. economic and national security, and it produces a multiplier effect in driving innovation and growth throughout the economy, including technologies of the future such as AI. A globally competitive tax code is key to ensuring the U.S. remains the leader of the chip industry and remains an attractive destination for companies to invest and innovate. For the U.S. semiconductor industry, this requires targeted tax policies to spur investment in the core activities of chip R&D, design, and manufacturing.
Driving technological change in the industry requires companies to develop more complex designs and process technologies, as well as introduce advanced production machinery capable of manufacturing cutting-edge chips. The ability to innovate and produce state-of-the-art semiconductors requires U.S. chip companies to invest billions of dollars in R&D annually鈥攐n average 20% of revenue鈥攖o maintain technology and market leadership, with an additional 20% of revenue on average reinvested in capital expenditures.
91成人 supports pro-growth tax policy that is globally competitive and reinforces progress made in rebuilding U.S. chip production, accelerates further investment throughout the supply chain, and ensures the U.S. maintains its semiconductor leadership.
