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SEMI, the industry association serving the global semiconductor and electronics design and manufacturing supply chain, and 23 member companies on the SEMI Tax Policy Committee, issued a letter to the U.S. Congress urging immediate passage of a multi-year extension of the Advanced Manufacturing Investment Credit (AMIC). The letter’s signatories span the end-to-end semiconductor supply chain and underscore how AMIC drives the major investments essential to meet surging market demand.
“The Advanced Manufacturing Investment Credit is essential to accelerating semiconductor growth in the United States—especially as semiconductor demand from emerging technologies like artificial intelligence and quantum technologies continues to surge,” said Joe Stockunas, SEMI Americas President. “The AMIC’s looming expiration threatens business planning and long-term capital investment. Congress must act now to ensure American competitiveness and a resilient supply chain.”
The U.S. semiconductor industry is scaling rapidly to power emerging technologies, telecommunications, and bioengineering—but that growth requires billions in sustained upfront investment. The AMIC’s 35% investment tax credit helps mitigate those costs. Without extension, the credit’s expiration creates a planning cliff that could derail the industry’s historic momentum exactly when companies are committing to next-generation projects. A multi-year extension of the AMIC would sustain U.S. investment, strengthen domestic manufacturing, and cement U.S. global technological leadership.
The letter also highlights to Congress the value of expanding eligibility for the credit across the full semiconductor supply chain. Today semiconductor materials, chemicals, and electronic design automation (EDA) tools are excluded from the AMIC, risking domestic investment efforts and ceding ground to global competitors.
SEMI and its members urge Congress to extend the AMIC beyond the 2026 expiration date and stand ready to partner with Congress to make that a reality.
The letter was signed by SEMI Tax Policy Committee members:
- Advantest America Inc.
- Analog Devices
- Applied Materials, Inc.
- ASM
- ASML
- Axcelis Technologies Inc.
- CoorsTek
- Entegris, Inc.
- GlobalWafers America, LLC
- GlobalFoundries
- Intel Corporation
- KLA Corporation
- Lam Research Corporation
- onsemi
- Qnity Electronics, Inc.
- Roos Instruments
- Samsung
- SK hynix Inc.
- SkyWater Technology
- Teradyne, Inc.
- Texas Instruments
- Tokyo Electron U.S. Holdings, Inc.
- TSMC
