SEMI, the global semiconductor industry association, together with 23 member companies from its Tax Policy Committee, has formally urged the U.S. Congress to pass a multi-year extension of the Advanced Manufacturing Investment Credit (AMIC). The signatories represent the full semiconductor supply chain, from equipment and materials to design and fabrication. The letter underscores that the credit is critical for sustaining the capital-intensive investments required to meet surging demand driven by artificial intelligence, quantum computing, and other emerging technologies.
**Policy Context and Urgency**
The AMIC currently provides a 35% investment tax credit for qualifying semiconductor manufacturing projects. Its scheduled expiration in 2026 creates a planning cliff that threatens long-term capital commitments. Without an extension, companies face uncertainty in allocating billions of dollars for next-generation fabrication facilities and equipment. SEMI Americas President Joe Stockunas emphasized that the credit’s expiration would directly undermine U.S. competitiveness and supply chain resilience at a moment when domestic scaling is most vital.
**Supply Chain Gaps and Expansion Needs**
The letter also highlights a critical limitation: the current AMIC excludes semiconductor materials, chemicals, and electronic design automation (EDA) tools. These segments are essential to a fully integrated domestic supply chain. Expanding eligibility to include them would prevent investment leakage to global competitors and strengthen the entire ecosystem. The signatories argue that a comprehensive credit covering the full value chain is necessary to cement U.S. leadership.
**Industry Coalition and Next Steps**
The coalition includes major players such as Intel, TSMC, Samsung, GlobalFoundries, Applied Materials, ASML, and Lam Research, among others. Their unified call reflects broad industry consensus that the AMIC is a primary driver of the historic capital investments now underway. SEMI and its members have signaled readiness to work with Congress on legislative action, urging immediate passage to avoid disrupting momentum.
In summary, the AMIC extension is not merely a tax policy matter but a strategic imperative for U.S. semiconductor sovereignty. As global competition intensifies and demand from AI and advanced computing accelerates, maintaining this credit will be decisive in determining whether the United States retains its technological edge. The industry’s coordinated push signals that without prompt congressional action, the current wave of domestic investment could stall, ceding ground to international rivals.
