Coalition Calls on Congress to Invest in Domestic Semiconductor Manufacturing, Research, Design

The Semiconductor Industry Association (SIA) – along with a broad coalition of 19 other tech, auto, medical, defense, and other business and labor groups – today in a letter urged Congress to enact funding for the semiconductor manufacturing, research, and design initiatives authorized in the “Creating Helpful Incentives for the Production of Semiconductors” (CHIPS) for America Act. The Senate on June 8 approved $52 billion in funding for CHIPS as part of the U.S. Innovation and Competition Act (USICA), but the House has not yet approved such funding. The coalition’s letter also calls on leaders in Washington to enact an investment tax credit, as provided in the Facilitating American-Built Semiconductors (FABS) Act, to help build and modernize semiconductor manufacturing facilities in the United States.