SIA Applauds Passage of Strengthened Semiconductor Investment Credit
July 4, 2025 | SIAEstimated reading time: 1 minute
The Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer following passage in the U.S. House of Representatives of the One Big Beautiful Bill Act (H.R. 1). The domestic policy package is set to be signed into law by the President on July 4th. The measure advances a top SIA tax priority by increasing the rate of the advanced manufacturing investment credit (AMIC) from 25% to 35%. The bill also includes several other important measures supported by SIA, including a permanently modified deduction on foreign-derived intangible income and a restoration of full deductibility of domestic R&D expenditures.
“SIA applauds the passage of a strengthened advanced manufacturing investment credit, along with several other tax provisions of importance to our industry. The credit is vital to achieving President Trump’s goals of securing advanced manufacturing in America over the long term and promoting sustained investment in the U.S. semiconductor ecosystem. The credit has helped spur significant private investment across America’s semiconductor supply chain, put the U.S. on track to more than triple domestic chip manufacturing capacity by 2032, and is projected to create and support more than 500,000 American jobs. The enhanced credit will support additional investment into the domestic chip ecosystem and make America more globally competitive. We commend the steadfast leadership of Chairman Crapo in championing this critical effort. We look forward to working with the Administration and Congress to further secure the future of America’s semiconductor resurgence.”
Earlier this year, Rep. Claudia Tenney (R-NY) and a bipartisan group of cosponsors introduced the Building Advanced Semiconductors Investment Credit (BASIC) Act (H.R. 3204) to increase the AMIC to 35% and extend the duration of the credit through 2030. The credit increase under the BASIC Act was incorporated into the sweeping domestic policy package passed today.
Suggested Items
SHENMAO Strengthens Semiconductor Capabilities with Acquisition of PMTC
07/10/2025 | SHENMAOSHENMAO America, Inc. has announced the acquisition of Profound Material Technology Co., Ltd. (PMTC), a premier Taiwan-based manufacturer of high-performance solder balls for semiconductor packaging.
European Semiconductor Industry Rallies for Support in European Union Long-Term Budget
07/10/2025 | SEMISeeking to explore semiconductor policy measures that can strengthen Europe’s industrial ecosystem, SEMI, the European Semiconductor Industry Association (ESIA), the Global Electronics Association (formerly IPC), and the European Association of Automotive Suppliers (CLEPA) have successfully held a roundtable in Brussels, bringing together representatives from the European Commission and national governments.
Logical-1 Named Key Account Sales Representative for HyRel Technologies, Expanding Access to High-Reliability Component Services
07/09/2025 | HyRelHyRel Technologies, a global provider of quick turn semiconductor modification solutions, is pleased to announce that Logical-1 has been appointed as its newest sales representative. T
SEMICON Taiwan 2025 to Spearhead Opportunities for Global Semiconductor Collaboration and Innovation
07/09/2025 | SEMISEMI announced its 30th annual SEMICON Taiwan event – the premier conference and exhibition for the global semiconductor industry. SEMICON Taiwan 2025 will begin with a series of forums from September 8-9 at the Taipei Nangang Exhibition Center, with the primary exhibition taking place from September 10-12.
PwC: One Third of Chip Production Could Face Copper Supply Disruptions by 2035
07/09/2025 | I-Connect007 Editorial TeamA July 8 report by PricewaterhouseCoopers (PwC) revealed that 32% of global semiconductor production could face climate change-related copper supply disruptions by 2035, according to Reuters.