SEMI and 23 Member Companies Urge U.S. Congress to Extend Advanced Manufacturing Investment Credit
semiconductor-digest.com May 15, 2026

SEMI and 23 Member Companies Urge U.S. Congress to Extend Advanced Manufacturing Investment Credit

AI-summarised brief · reviewed before publication

SEMI, a global semiconductor and electronics association, and 23 member companies have urged the U.S. Congress to extend the Advanced Manufacturing Investment Credit (AMIC) beyond its 2026 expiration date. The credit, which provides a 35% investment tax credit, is crucial for the industry's growth, particularly in emerging technologies like artificial intelligence and quantum technologies. Without extension, the industry faces a "planning cliff" that could derail its historic momentum. The letter highlights the need for a multi-year extension to sustain U.S. investment and strengthen domestic manufacturing.

💡 Why It Matters

  • · The expiration of the AMIC would not only hinder the U.S.
  • · semiconductor industry's growth but also cede ground to global competitors, potentially threatening American technological leadership.