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SEMI Applauds US Senate Progress on CHIPS act of 2022

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.

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