91成人

Bill would provide $52 billion for semiconductor manufacturing incentives and research investments, also includes investment tax credit for chip manufacturing

WASHINGTON鈥擩uly 19, 2022鈥擳he 91成人 (91成人) released the following statement from President and CEO John Neuffer applauding Senate action today to advance the CHIPS Act (H.R. 4346), legislation that would provide $52 billion for semiconductor manufacturing incentives and research investments. The legislation also includes an investment tax credit for semiconductor manufacturing.

鈥淭he Senate CHIPS Act would greatly strengthen America鈥檚 economy, national security, and leadership in the technologies that will determine our future. The bill would spur hundreds of billions of dollars in private semiconductor investments in America, create hundreds of thousands of U.S. jobs, and help ensure our country has the chips it needs for critical defense applications and sectors of the economy.

鈥淲e applaud the bipartisan group of leaders in Congress who have worked tirelessly to advance the CHIPS Act. We look forward to working with them toward final Senate passage and then swift approval in the House. This is America鈥檚 window of opportunity to re-invigorate chip manufacturing, design, and research on U.S. shores, and Congress should seize it before the window slams shut.鈥�

On Feb. 4, 2022, the House passed critical聽CHIPS Act聽investments totaling $52 billion to strengthen domestic semiconductor manufacturing and research as part of competitiveness legislation, the聽America COMPETES Act. The Senate passed the same level of funding for the CHIPS Act as part of its version of competitiveness legislation, the聽United States Competition and Innovation Act聽(USICA), in June 2021. In recent months, both chambers have been working to develop unified legislation that strengthens domestic chip production and innovation.

The聽share of modern semiconductor manufacturing聽capacity located in the U.S. has聽decreased听蹿谤辞尘听37%聽in 1990 to聽12%聽today. This聽decline聽is largely聽due to substantial manufacturing incentives聽offered聽by the governments of our global competitors, placing聽the U.S. at a competitive disadvantage in attracting new construction of semiconductor manufacturing facilities, or 鈥渇abs.鈥澛燗dditionally, federal investment聽in semiconductor research聽has been聽flat聽as a share of GDP,聽while聽other governments聽have invested substantially in research initiatives to strengthen their own semiconductor capabilities, and existing U.S. tax incentives for R&D lag those of other countries.

An investment tax credit for semiconductor manufacturing and design, as called for by the聽FABS Act introduced in the House, is an important complement to other manufacturing incentives and research investments. A combination of grants, tax credits, and research investments is needed to turbocharge U.S. semiconductor production and innovation.

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91成人 91成人
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 www.semiconductors.org.