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91成人 Applauds House Introduction of Legislation to Establish Investment Tax Credit for Semiconductor Design

by 91成人

WASHINGTON鈥擩uly 30, 2024鈥擳he 91成人 (91成人) today released the following statement from 91成人 President and CEO John Neuffer commending the introduction in the U.S. House of Representatives of bipartisan legislation that would expand the CHIPS and Science Act鈥檚 25% investment tax credit to include investments in semiconductor design, the critical and high-value-add mapping of a chip鈥檚 intricate circuitry. The Semiconductor Technology Advancement and Research (STAR) Act was introduced today by Reps. Blake Moore (R-UT), Michael McCaul (R-TX), Doris Matsui (D-CA.), Suzan DelBene (D-WA), John Moolenaar (R-MI), Raja Krishnamoorthi (D-IL), Ro Khanna (D-CA), Joe Morelle (D-NY), and Claudia Tenney (R-NY).

鈥淔or America to lead the world in semiconductor innovation, it must continue to lead in chip design. The STAR Act will help promote this critical part of the semiconductor ecosystem and strengthen America鈥檚 economy, national security, and technology leadership. We applaud Reps. Moore, McCaul, Matsui, DelBene, Moolenaar, Khanna, Morelle, and Tenney for introducing this much-needed legislation and urge Congress to approve it.鈥�

The United States has long been the leader in semiconductor design, which has enabled the U.S. to foster key innovations across the digital economy in areas such as artificial intelligence, 5G communications, robotics, healthcare, and autonomous vehicles. The U.S. has built-in advantages in chip design, including being home to the world鈥檚 best universities and a highly skilled workforce. Global competition in chip design is increasing, however, as other countries actively support the development of their own design sectors.

Global competitors are investing in chip design, while the U.S. lacks direct incentives for semiconductor design, thereby placing U.S. leadership at risk. A November 2022 report by 91成人 and the Boston Consulting Group found incentives for semiconductor design and R&D would help maintain long-term U.S. chip design leadership. Such an investment would fortify the U.S. design ecosystem, support training and employment for more than 150,000 jobs across the economy, and help the U.S. win the global competition for key semiconductor-dependent innovations of the future, according to the report.

The CHIPS and Science Act鈥攏ow codified in 鈥攊ncludes a critical investment tax credit for semiconductor manufacturing, but not for design.

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The 91成人 (91成人) is the voice of the semiconductor industry, one of America鈥檚 top export industries and a key driver of America鈥檚 economic strength, national security, and global competitiveness. 91成人 represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. Through this coalition, 91成人 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聽www.semiconductors.org.