Congress should create a Super CHIPS Tax Credit for advanced-industry R&D and production firms’ purchases of machinery, equipment, and buildings.

Partly Done: Create a Super CHIPS Credit

The CHIPS Act tax credit powered America's chip resurgence and letting it expire would stall the momentum.

U.S. Semiconductor Manufacturing Tax Credits Need To Be Extended and Broadened

Accelerating the construction of semiconductor facilities requires thinking in terms of “let’s get it done,” not “let’s cover every base and limit every liability.”

The CHIPS Program Office Needs to Think Like Economic Developers, Not Bankers

ITIF applauds both the Biden administration and U.S. Congress for articulating and advancing the Creating Helpful Incentives to Produce Semiconductors (“CHIPS”) for America Act, which has been passed out of the Senate and House in largely similar form in their respective U.S. Innovation and Competition Act (USICA) and America COMEPTES Act.

Comments to the US Commerce Department on Incentives, Infrastructure, and R&D for a Strong Semiconductor Industry

Writing in The Hill, Stephen Ezell emphasizes the important of strong innovation-driven legislation around semiconductors in order for the United States to maintain its leadership position in an industry it helped build.

New Legislation Required to Secure U.S. Semiconductor Leadership

The United States must get the CHIPS Incentives program right, because if it fails to do so, the United States is seriously at risk of losing long-term competitiveness in the semiconductor industry.

Comments to the National Institute of Standards and Technology Regarding Implementation of the CHIPS Incentives Program

ITIF applauds this important step toward passing much-needed legislation to bolster the competitive position of America’s semiconductor industry, and calls on Congress to pass this legislation and bring it to the President’s desk within a week.

ITIF Urges Passage of the CHIPS-Plus Act to Bolster U.S. Competitiveness

The United States cannot afford to take a lackadaisical approach to global competition and must continue to promote innovation semiconductors and a host of other strategically important industries.

“CHIPS Plus Science” Act Is a Welcome First Step—But Only the Beginning, Not the End of a Competitiveness Agenda, Says ITIF

"CHIPS Plus Science" Act Is a Welcome First Step—But Only the Beginning, Not the End of a Competitiveness Agenda, Says ITIF

Semiconductors represent the foundational industry for the entire global economy. The United States needs to ensure that it fields leading companies across the memory, logic, and analog subsectors, and that it maintains sufficient domestic semiconductor manufacturing to support its economic and national security needs.

Done: Extend the Semiconductor-Sector Investment Credit

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How Innovative Is China in Semiconductors?

Related

Partly Done: Create a Super CHIPS Credit

U.S. Semiconductor Manufacturing Tax Credits Need To Be Extended and Broadened

The CHIPS Program Office Needs to Think Like Economic Developers, Not Bankers