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CHIPS for America Act & FABS Act

 

 

Congress Passes Investments in Domestic Semiconductor Manufacturing, Research & Design

In July 2022, Congress passed the CHIPS Act of 2022 to strengthen domestic semiconductor manufacturing, design and research, fortify the economy and national security, and reinforce America’s chip supply chains.

The share of modern semiconductor manufacturing capacity located in the U.S. has eroded from 37% in 1990 to 12% today, mostly because other countries’ governments have invested ambitiously in chip manufacturing incentives and the U.S. government has not. Meanwhile, federal investments in chip research have held flat as a share of GDP, while other countries have significantly ramped up research investments.

To address these challenges, Congress passed the CHIPS Act of 2022, which includes semiconductor manufacturing grants, research investments, and an investment tax credit for chip manufacturing. SIA also supports enactment of an investment tax credit for semiconductor design. 

By passing the CHIPS Act, Congress has risen to a defining challenge of our time, seized an historic opportunity to fortify American semiconductor manufacturing, design, and research, and delivered a big win for our country. 

STATEMENT: SIA Applauds Passage of CHIPS Act of 2022>

FACT SHEET: CHIPS Act of 2022>

SIA News>

What They’re Saying>

Global Incentives>

Featured News

SIA Applauds House Passage of CHIPS Act, Urges President to Sign Bill into Law
SIA Commends Senate Passage of CHIPS Act, Urges House Approval
The Senate’s CHIPS-Plus Bill Spends Far Less – and Returns Far More – than its Opponents Claim
SIA Echoes National Security Leaders’ Call for Swift Enactment of Competitiveness Legislation, Including Chip Manufacturing and Research Investments
SIA Applauds Senate Introduction of FABS Act
Senate Passage of USICA Marks Major Step Toward Enacting Needed Semiconductor Investments
Robust Federal Incentives for Domestic Chip Manufacturing Would Create an Average of Nearly 200,000 American Jobs Annually as Fabs are Built
SIA Welcomes White House Report on Strengthening America’s Semiconductor Supply Chains
Global Governments Ramp Up Pace of Chip Investments

Letters to Policymakers

CEO Letter on Competitiveness Bill
Urgency of CHIPS Letter by Sec. Raimondo and Sec. Austin
Auto CEOs Letter to Congress Urging Chips Funding
Multi-Industry CEO Letter to Congressional Leadership in Support of Funding the CHIPS Act and Enacting a Strengthened FABS Act
Bipartisan, Bicameral Letter to President Biden Supporting Funding for CHIPS for America Act
Governors’ Letter to Congressional Leaders in Support of CHIPS Act & FABS Act
SIA Letter to President Biden about Semiconductor Manufacturing and Research Funding
Multi Association Letter on CHIPS and FABS Act
Tech Coalition Letter to President Biden on CHIPS Act Funding and Supply Chain Executive Order

Policy Reports

Chipping In: The U.S. Semiconductor Industry Workforce and How Federal Incentives Will Increase Domestic Jobs
Strengthening the Global Semiconductor Supply Chain in an Uncertain Era
2021 State of the U.S. Semiconductor Industry
Turning the Tide for Semiconductor Manufacturing in the U.S.
Sparking Innovation: How Federal Investment in Semiconductor R&D Spurs U.S. Economic Growth and Job Creation
Strengthening the U.S. Semiconductor Industrial Base

Other Resources

U.S. Semiconductor Leadership: A Policy Platform
Invest & Innovate: U.S. Semiconductor Leadership Under the Biden-Harris Administration
Infographic on the Need for Incentives for Semiconductor Manufacturing and Investments in Semiconductor Research
Increasing Chip Production: Industry Shouldering In to Address Shortages
The Importance of Federal Semiconductor R&D Funding
SIA Comments to NIST on RFI about Manufacturing USA Semiconductor Institutes

Semiconductors in America Coalition (SIAC)

SIAC Letter to Congressional Leaders Urging Swift Enactment of Competitiveness Legislation Including Semiconductor Incentives
SIAC Commends Senate Passage of Critical Semiconductor Investments in USICA
Semiconductor Industry and Downstream Sector Leaders Form Coalition to Secure Federal Investments in Domestic Chip Manufacturing and Research

American Jobs are Built on Semiconductors

The semiconductor industry directly employs nearly 250,000 people in America and supports more than one million additional jobs throughout the U.S. economy. With bold greater federal investment in domestic chip manufacturing and research, our economic impact would be even greater.

Learn More >

12%
U.S. share of global semiconductor manufacturing has declined from 37% in 1990 to 12% today
75%
Of the world’s chip manufacturing is concentrated in East Asia due to large government subsidies
56%
Projected increase in global demand for semiconductor manufacturing capacity in the next 10 years
30%
A new fab in the U.S. costs approximately 30% more to build and operate over 10 years than one in Taiwan, South Korea, or Singapore, and 37-50% more than one in China.

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