SEMI Applauds Statement from Senators Crapo and Wyden Supporting U.S. Tax Credit for Semiconductor Manufacturing
AI-summarised brief · reviewed before publication
The Senate Finance Committee’s chair Mike Crapo and ranking member Ron Wyden reaffirmed support for the Section 48D Advanced Manufacturing Investment Credit (AMIC), prompting SEMI to issue a statement praising the move. SEMI’s president and CEO Ajit Manocha highlighted the credit’s role in bolstering U.S. semiconductor manufacturing, job creation, and national security. The organization urged a swift multi‑year extension before the credit’s December 31, 2026 construction deadline, stressing the need to expand eligibility to the full supply chain.
💡 Why It Matters
- · By securing bipartisan backing, the credit can keep U.S.
- · fabs competitive against global rivals offering similar incentives.