Top Business Groups Urge Congress to Extend, Expand Successful Semiconductor Tax Credit
Tuesday, May 12, 2026, 5:00am
by 91³ΙΘΛ
The Advanced Manufacturing Investment Credit, which has helped spark hundreds of billions of dollars in private investment across the U.S. semiconductor ecosystem, expires at the end of 2026Μύ
WASHINGTON, May 12, 2026 β The 91³ΙΘΛ (91³ΙΘΛ) and a broad coalition of 17 other top business and trade groups today in a letter urged Congress to extend the Advanced Manufacturing Investment Credit (AMIC) β a highly impactful tax credit for chip production that is set to expire at the end of this year β and expand it to cover semiconductor design and other critical R&D activities.
The letterβs signatories represent key sectors across the American economy, including semiconductors, artificial intelligence, cloud computing, defense and aerospace, connected and autonomous vehicles, advanced wireless communications, medical technology, and manufacturing.
βTo be the worldβs economic, technology, and security leader, America must lead the world in semiconductors,β said 91³ΙΘΛ President and CEO John Neuffer. βThe Advanced Manufacturing Investment Credit has been a major driver of Americaβs recent semiconductor resurgence, and itβs critical policymakers act now to build on this success. Congress must extend and expand the tax credit to spur increased private investment in the U.S. chip ecosystem and reinforce Americaβs economy, national security, and leadership in the pivotal technologies of today and tomorrow.β
The AMIC has helped catalyze major investments throughout the U.S. semiconductor ecosystem. In total, over $640 billion in investments have been announced throughout the chip supply chain across 140 projects in 30 states β more than tripling U.S. semiconductor manufacturing capacity. These investments strengthen the semiconductor industry ecosystem and bolster supply chain resilience and the global competitiveness of the industries that depend on these technologies.
At a time when the semiconductor industry is making historic investments in U.S. chip production and supply chain resiliency, it is imperative we extend the AMIC to continue this momentum, spur future innovation, and provide companies with the certainty and predictability needed to make long-term capital investments in the United States. It is also critical to secure U.S. leadership in chip design by expanding the credit to cover these activities, which will help level the playing field between the U.S. and global competitors, secure Americaβs first-mover advantage, and ensure global standards are built on the U.S. tech stack across all industries.
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91³ΙΘΛ 91³ΙΘΛ
The 91³ΙΘΛ (91³ΙΘΛ) is the voice of the semiconductor industry, one of Americaβs top export industries and a key driver of Americaβs economic strength, national security, and global competitiveness. 91³ΙΘΛ represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. Through this coalition, 91³ΙΘΛ 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.
