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    Breaking News

    SEMI Announces Support of CHIPS for America Act to Increase US Semiconductor Manufacturing

    The bipartisan legislation would improve the competitiveness of semiconductor research, design and manufacturing in the US.

    SEMI Announces Support of CHIPS for America Act to Increase US Semiconductor Manufacturing
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    Printed Electronics Now staff06.12.20

    Facing a 50% decline in the U.S. share of global semiconductor manufacturing capacity over the past 20 years, Congress has introduced the Creating Helpful Incentives to Produce Semiconductors for America Act (CHIPS for America Act), highlighted by a federal investment tax credit (ITC) strongly supported by SEMI, the global industry association representing the electronics manufacturing and design supply chain. 

     

    The bipartisan legislation would improve the competitiveness of semiconductor research, design and manufacturing in the United States, resulting in the creation of thousands of new jobs and bolstering national security.

     

    Sponsored by Sen. John Cornyn (R-Texas) and co-sponsored by Sens. Mark Warner (D-Va.), Jim Risch (R-Idaho), Kyrsten Sinema (D-Ariz.), and Marco Rubio (R-Fla.) in the Senate, and sponsored in the House by Rep. Doris Matsui (D-Calif.) and co-sponsored by Rep. Michael McCaul (R-Texas), the Act’s 40% refundable federal ITC for semiconductor manufacturing facilities and equipment would quickly provide a significant, direct and transparent incentive to all companies investing in new and expanded semiconductor facilities in the US.

     

    “Semiconductors are the foundation of all electronics and information technology, and this vital supply chain accounts for approximately 240,000 high-skill and high-wage jobs nationwide,” said Ajit Manocha, president and CEO of SEMI. “SEMI members operate semiconductor supply chain facilities throughout the United States, with 25 states hosting at least one major facility. The ad-hoc incentive packages offered by some states have helped attract and sustain semiconductor manufacturing facilities, but individual governors and state economic development officials are often outmatched by whole-of-government initiatives from other nations. SEMI has long advocated for a tax credit to help level the playing field, and we strongly support the CHIPS for America Act to do so.”

     

    While U.S.-headquartered companies account for nearly half of global semiconductor sales and world-leading market share positions in semiconductor manufacturing equipment, design software, and key materials, only 12% of global semiconductor manufacturing capacity is located in the U.S. 

     

    The availability of robust incentives in other countries and the lack of a federal U.S. incentive have been key factors driving the location of semiconductor manufacturing facilities overseas. 

     

    The CHIPS for America Act would be a significant step forward for the federal government to create incentives and public investments to support the semiconductor industry in driving innovation across sectors throughout the economy.

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    Related Breaking News

    • Breaking News | Research Reports | Semiconductors and Quantum Dots

      SEMI: North American Semiconductor Equipment Posts $3.65 Billion in Billings in August 2021

      The billings figure is 5.4% lower than final July 2021 billings of $3.86 billion and 37.6% higher than August 2020 billings of $2.65 billion.
      09.22.21

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      Fab Equipment Spending to Reach New High of Nearly $100 Billion in 2022: SEMI

      Fab Equipment Spending to Reach New High of Nearly $100 Billion in 2022: SEMI

      The new fab equipment spending records will mark a rare three consecutive years of growth that began in 2020.
      09.15.21

    • Breaking News | Manufacturing | Research Reports | Semiconductors and Quantum Dots
      North American Semiconductor Industry Posts July 2021 Billings

      North American Semiconductor Industry Posts July 2021 Billings

      The billings figure is 4.5% higher than final June 2021 billings of $3.69 billion and 49.8% higher than July 2020 billings of $2.57 billion.
      08.25.21


    • Breaking News | Flexible and Printed Electronics | Research Institutions | Research Reports | Semiconductors and Quantum Dots
      Silicon Wafer Shipments Reach New High in 2Q 2021:

      Silicon Wafer Shipments Reach New High in 2Q 2021:

      Second quarter 2021 silicon wafer shipments grew 12% from the 3,152 million square inches recorded during the same quarter last year.
      07.27.21

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      Sustainability and the Challenges Facing Flexible and Printed Electronics

      Sustainability and the Challenges Facing Flexible and Printed Electronics

      Flexible and printed electronics have a good story to tell on sustainability, but there are also concerns that need to be met.
      David Savastano, Editor 07.21.21

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