SEMI Applauds US Senate Progress on CHIPS act of 2022
- AKAP
- Jul 18, 2022
- 2 min read
SEMI, the industry association serving the global electronics design and manufacturing supply chain, today applauded progress in the United States Senate on a robust package of federal incentives for the semiconductor supply chain and urged its timely passage in Congress. The bill includes $52 billion in funding for new semiconductor programs, including $39 billion for a grant program available to semiconductor manufacturers as well as equipment and materials suppliers. Additionally, a 25% tax credit is included for facilities that produce semiconductors or semiconductor manufacturing equipment.