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WASHINGTON—May 1, 2025—The Semiconductor Industry Association (SIA) today released the following statement from SIA President and CEO John Neuffer welcoming House introduction of Building Advanced Semiconductors Investment Credit (BASIC) Act. The legislation supports the continued revitalization of U.S. semiconductor manufacturing by increasing the rate of the Advanced Manufacturing Investment Credit (AMIC) from 25% to 35% […]

WASHINGTON—Jan. 28, 2025—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 […]

WASHINGTON—Jan. 21, 2025—Following this week’s inauguration of President Trump and Vice President Vance, the Semiconductor Industry Association (SIA) today released the following statement from SIA President and CEO John Neuffer welcoming the new administration. “We congratulate President Trump and Vice President Vance on being sworn in to lead America during this pivotal time for our […]

WASHINGTON—Jan. 14, 2025—The Semiconductor Industry Association (SIA) today released a policy agenda setting forth the U.S. semiconductor industry’s policy priorities and suggested areas for collaboration with the Trump-Vance administration and the 119th Congress. The policy agenda, titled “Winning the Chip Race,” provides government leaders with actionable policy goals to position the U.S. semiconductor industry for […]

by Molly O’Leary, Director of Government Affairs

On Tuesday, the U.S. Department of Treasury and the Internal Revenue Service (IRS) issued the much-anticipated final regulations for the Advanced Manufacturing Investment Credit (AMIC), the 25% investment tax credit enacted by the CHIPS and Science Act (CHIPS Act). The credit, codified in Section 48D of the tax code, is a core component of the […]

WASHINGTON—Oct. 22, 2024—The Semiconductor Industry Association (SIA) today released the following statement from SIA President and CEO John Neuffer welcoming the release of final regulations implementing the “Advanced Manufacturing Investment Credit,” a tax credit enacted as part of the landmark CHIPS and Science Act to incentivize domestic chip production. The U.S. Department of the Treasury […]

by Greg LaRocca, Director of Market Research and Economic Policy

The Semiconductor Industry Association (SIA) released its annual State of the Industry Report today. The report highlights opportunities for continued growth and innovation across the semiconductor industry and notes current and upcoming challenges to the industry’s sustained success. Last year, industry global sales reached $527 billion and nearly 1 trillion semiconductors were sold globally, more […]

by John Neuffer, President and CEO

As we mark the second anniversary of the historic CHIPS and Science Act, one thing is clear. The world will continue to need more semiconductors to power the technologies of today and tomorrow, including artificial intelligence, smartphones, cloud computing, electric vehicles, and countless others. For decades, the United States was producing a diminishing share of […]

by Molly O’Leary, Director of Government Affairs

by Zach Isakowitz, Director of Government Affairs

Bipartisan members of the House of Representatives this week moved to bolster U.S. leadership and global competitiveness in semiconductor design by introducing the Semiconductor Technology Advancement and Research (STAR) Act of 2024. The legislation aims to incentivize U.S. chip design by providing a 25% investment tax credit for design activities conducted in the U.S. Reps. […]

WASHINGTON—July 30, 2024—The Semiconductor Industry Association (SIA) today released the following statement from SIA President and CEO John Neuffer, urging Senate approval of the House-passed Tax Relief for American Families and Workers Act (H.R. 7024). The legislation, which the Senate is expected to vote on later this week, includes two provisions critical to the semiconductor […]

WASHINGTON—Jan. 31, 2024—The Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer commending House passage tonight of the Tax Relief for American Families and Workers Act. The legislation includes two provisions critical to the semiconductor industry: the restoration of immediate domestic R&D expensing and the United States-Taiwan Expedited Double-Tax […]

WASHINGTON—Jan. 23, 2024—The Semiconductor Industry Association (SIA) today released the following statement from vice president of government affairs David Isaacs in response to the introduction in Congress of the Tax Relief for American Families and Workers Act. The legislation includes two provisions critical to the semiconductor industry: the restoration of domestic R&D expensing and the […]