The Semiconductor Industry Association (SIA) today released the following statement from SIA President and CEO John Neuffer commending the introduction in the U.S. House of Representatives of the bipartisan Semiconductor Technology Advancement and Research (STAR) Act. The STAR Act extends the duration of the Advanced Manufacturing Investment Credit (AMIC)—a 25% tax credit for chip production—and expands eligibility of the credit to include investments in semiconductor design, the research-intensive mapping of a chip’s intricate circuitry and functionality. Reps. Blake Moore (R-UT), Suzan DelBene (D-WA), Michael McCaul (R-TX), Doris Matsui (D-CA), John Moolenaar (R-MI), and Raja Krishnamoorthi (D-IL) led eight other House members in introducing the legislation. A similar version of the legislation was introduced in the House last year.
“U.S. leadership in semiconductor research, design, and manufacturing is critical to America’s economy, technology leadership, and national security. The CHIPS Act’s investment tax credit has been hugely successful in strengthening America’s semiconductor ecosystem, spurring substantial private investment and helping to put the U.S. on track to more than triple domestic chip manufacturing capacity by 2032, the largest percentage increase in the world. By extending the duration of the credit, the STAR Act would build on this momentum by promoting further growth in chip manufacturing here in the United States.
“By expanding coverage of the credit to include chip design, the STAR Act would ensure the U.S. secures the economic, national security, and first-mover advantages of being the global leader in semiconductor technology. At a time when global competitors are making historic investments in their own chip ecosystems, we urge Congress to pass the STAR Act to help America win the chip race, enhance our economic and national security, and reinforce U.S. semiconductor leadership for years to come.”
