MILPITAS, California, February 26, 2021 / PRNewswire / – SEMI, the trade affiliation serving the worldwide electronics design and manufacturing provide chain, as we speak launched the next assertion from the President and CEO Ajit Manocha on supporting monetary incentives to increase semiconductor manufacturing and analysis in the USA by President Biden and a bipartisan group of members of Congress at a White Home assembly on February 24, 2021.
“We thank President Biden and bipartisan leaders in Congress for his or her help for incentives for semiconductor manufacturing and analysis in the USA.” Putting in an funding tax credit score and funding packages licensed final yr will assist construct wanted semiconductor manufacturing capability in the USA and reverse the shrinking share of the America in We look ahead to working with the Biden administration and Congress on these and different insurance policies to strengthen the semiconductor manufacturing provide chain, which is the cornerstone of technology-generating innovation. numerous societal and financial advantages all over the world.
SEMI strongly supported the CHIPS for America Act, which included a Refundable Funding Tax Credit score (ITC) to construct semiconductor manufacturing capability in the USA, a Division of Commerce program to offer subsidies semiconductor manufacturing initiatives and approvals for main new semiconductor analysis and funding packages. The Nationwide Protection Authorization Act for Fiscal 12 months 2021, enacted final January, licensed the Division of Commerce and semiconductor analysis packages within the CHIPS for America Act, however didn’t present new funding. SEMI helps the enactment of the three important pillars of the CHIPS for America Act, which collectively will promote semiconductor analysis and manufacture in the USA.
Attending the assembly with President Biden: Senators Cornyn (R-TX), Warner (D-VA), Baldwin (D-WI), Blackburn (R-TN), Braun (R-IN), Duckworth (D- IL), Hassan (D-NH) and Portman (R-OH); and Representatives Matsui (D-CA), McCaul (R-TX) and Joyce (R-PA).
SEMI® connects greater than 2,400 member firms and 1.3 million professionals worldwide to advance electronics design and manufacturing expertise and actions. SEMI members are answerable for improvements in supplies, design, tools, software program, gadgets and providers that allow smarter, sooner, extra highly effective and extra reasonably priced electronics. Digital System Design Alliance (ESD Alliance), FlexTech, the Fab Homeowners Alliance (FOA) and MEMS & Sensors Business Group (MSIG) are SEMI strategic expertise communities, communities outlined inside SEMI targeted on particular applied sciences. Go to www.semi.org to seek out out extra, contact certainly one of our worldwide places of work and join with SEMI on LinkedIn and Twitter.
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