91成人

91成人 Commends House Passage of Critical Semiconductor Manufacturing and Research Investments

by 91成人

House and Senate must now reach agreement on joint competitiveness legislation containing CHIPS Act investments that can be passed by both chambers and signed into law by President Biden听听听

WASHINGTON鈥擣eb. 4, 2022鈥�The 91成人 (91成人)鈥痶oday applauded House passage of critical CHIPS Act investments totaling $52 billion to strengthen domestic semiconductor manufacturing and research as part of the America COMPETES Act of 2022. The Senate passed funding for the CHIPS Act as part of its version of competitiveness legislation called the United States Competition and Innovation Act (USICA) in June 2021. House and Senate leaders must now work on reconciling differences in the bills and passing bipartisan legislation to be signed by the president.听

鈥淗ouse passage of CHIPS Act investments is a significant step toward strengthening America鈥檚 leadership in semiconductors, which are foundational to our economy, national security, and global leadership in the transformative technologies of now and the future,鈥� said John Neuffer, 91成人 president and CEO. 鈥淲e urge leaders in the House and Senate to work together promptly on a bipartisan, bicameral competitiveness bill containing CHIPS Act investments that can be passed by both chambers and signed into law by the president. Getting this legislation across the finish line will help strengthen U.S. chip production and innovation for many years to come.鈥�听听

The鈥痵hare of modern semiconductor manufacturing鈥痗apacity located in the U.S. has鈥�decreased鈥�蹿谤辞尘鈥�37%鈥痠n 1990 to鈥�12%鈥痶oday. This鈥痙ecline鈥痠s largely鈥痙ue to substantial incentives鈥�offered鈥�by the governments of our global competitors, placing鈥痶he U.S. at a competitive disadvantage in attracting new construction of semiconductor manufacturing facilities, or 鈥渇abs.鈥濃�疉dditionally, federal investment鈥痠n semiconductor research鈥�has been鈥痜lat鈥�as a share of GDP,鈥痺hile鈥痮ther governments鈥痟ave invested substantially in research initiatives to strengthen their own semiconductor capabilities, and existing U.S. tax incentives for R&D lag behind those of other countries. Furthermore, global semiconductor supply chain vulnerabilities鈥�have emerged鈥�in recent years that must be addressed through government investments in chip manufacturing and research, according to a separate 91成人-BCG study.听

91成人 also supports a semiconductor investment tax credit, as called for by the鈥�FABS Act, to complement the manufacturing incentives and research investments in the CHIPS Act. Congress is considering separate legislation containing a modified version of the FABS Act to provide an investment tax credit to incentivize semiconductor manufacturing in the United States. 91成人 has called for enacting this legislation and expanding it to cover both semiconductor manufacturing and design.听

Recognizing the critical role semiconductors play in America鈥檚 future, Congress in January enacted the CHIPS for America Act as part of the FY 2021 National Defense Authorization Act (NDAA). The law authorized incentives for domestic semiconductor manufacturing and investments in chip research, but funding must be provided to make these provisions a reality. Funding the CHIPS Act, along with enactment of a strengthened FABS Act, are complementary efforts and will help enhance the global competitiveness of the U.S. semiconductor industry.鈥�听

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The 91成人 (91成人) is the voice of the semiconductor industry, one of America’s top export industries and a key driver of America鈥檚 economic strength, national security, and global competitiveness. Semiconductors 鈥� the tiny chips that enable modern technologies 鈥� power incredible products and services that have transformed our lives and our economy. The semiconductor industry directly employs over a quarter of a million workers in the United States, and U.S. semiconductor company sales totaled $208 billion in 2020. 91成人 represents 98 percent 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鈥�www.semiconductors.org.听