MILPITAS, California, 25 February 2021 / PRNewswire / – SEMI, the business affiliation serving the worldwide electronics design and manufacturing provide chain, immediately launched the next assertion from the President and CEO Ajit Manocha on supporting monetary incentives to increase semiconductor manufacturing and analysis in america 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 assist for incentives for semiconductor manufacturing and analysis in america.” Putting in an funding tax credit score and funding packages licensed final 12 months will assist construct wanted semiconductor manufacturing capability in america and reverse the shrinking share of the America in We stay up for 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 america, 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 Yr 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 principal pillars of the CHIPS for America Act, which collectively will promote semiconductor analysis and manufacture in america.
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 corporations and 1.3 million professionals worldwide to advance electronics design and manufacturing know-how and actions. SEMI members are liable for improvements in supplies, design, gear, software program, gadgets and companies that allow smarter, quicker, extra highly effective and extra inexpensive electronics. Digital System Design Alliance (ESD Alliance), FlexTech, the Fab House owners Alliance (FOA) and MEMS & Sensors Trade Group (MSIG) are SEMI strategic know-how 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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