MILPITAS, Calif. – June 17, 2021 – SEMI , the industry association serving the global electronics design and manufacturing supply chain, today expressed strong support for the Facilitating American-Built Semiconductors (FABS) Act. The bill, introduced by Senate Finance Committee Chairman Ron Wyden (D-Ore .) and Ranking Member Mike Crapo (R-Ida.), and co-sponsored by Senators Mark Warner (D-Va.), John Cornyn (R-Tex.), Debbie Stabenow (D-Mich.) and Steve Daines (R-Mont.), would create a 25% federal tax credit, with an election to receive the tax credit as a direct payment, for investments in semiconductor manufacturing facilities and equipment, as well as facilities and equipment to produce semiconductor manufacturing tools.
“SEMI commends Chairman Wyden, Ranking Member Crapo, and Senators Warner, Cornyn, Stabenow and Daines for their leadership to introduce a broad investment tax credit that will strengthen U.S. semiconductor supply chains and help U.S. policies keep pace with incentive proposals around the world,” said Ajit Manocha, SEMI president and CEO. “As lead times and demand for new tools grow, ensuring that upstream tool manufacturers can claim the tax incentive is particularly important.”
“We strongly support the FABS Act and look forward to working with the Senate, the House of Representatives and the Biden Administration to pass this critical legislation,” Manocha said.
About SEMI
SEMI® connects more than 2,400 member companies and 1.3 million professionals worldwide to advance the technology and business of electronics design and manufacturing. SEMI members are responsible for the innovations in materials, design, equipment, software, devices, and services that enable smarter, faster, more powerful, and more affordable electronic products. Electronic System Design Alliance (ESD Alliance), FlexTech, the Fab Owners Alliance (FOA) and the MEMS & Sensors Industry Group (MSIG) are SEMI Strategic Technology Communities, defined communities within SEMI focused on specific technologies. Visit www.semi.org to learn more, contact one of our worldwide offices, and connect with SEMI on LinkedIn and Twitter.
SEMI Contact
Samer Bahou/SEMI
Phone: 1.408.943.7870
Email: [email protected]
Experts from Altimeter, Dell Technologies, IBM, Bank of America, Deloitte, McKinsey & Company, Disruption Advisors, Cornami and TechSearch will explore the COVID-19 pandemic’s acceleration of digital transformation and discuss new solutions and business models for the microelectronics industry.
“The strong investments in federal research related to semiconductors and significant, multi-year funding for the Section 9902 incentive program at the Department of Commerce will significantly improve U.S. competitiveness in this vital industry, strengthen a wide range of technology-reliant U.S. supply chains, create thousands of jobs, and keep pace with programs and proposals around the world,” said Ajit Manocha, SEMI president and CEO. “With semiconductor manufacturing facilities, or fabs, heavily reliant on a complex supply chain of equipment and materials providers, the Section 9902 program must support fab suppliers to strengthen the entire semiconductor supply chain. Talent is another critical industry need, and the bill will also make investments in education and workforce development by helping students access better quality science, technology, engineering, and math (STEM) education, while strengthening technical education and incumbent worker training programs.”
Compiled from data submitted by members of SEMI and the Semiconductor Equipment Association of Japan (SEAJ), the Worldwide SEMS Report is a summary of the monthly billings figures for the global semiconductor equipment industry.
“April billings of North America-based semiconductor equipment marked the fifth consecutive month of record growth,” said Ajit Manocha, SEMI president and CEO. “Equipment manufacturers continue to log steady growth as the industry works to meet accelerating demand for semiconductors across a wide range of end-market segments.”
“Logic and foundry continue to drive strong demand for silicon wafers,” said Neil Weaver, chairman SEMI SMG and Vice President, Product Development and Applications Engineering at Shin Etsu Handotai America. “The memory market recovery further bolstered shipment growth in the first quarter of 2021.”
Expected to draw hundreds of attendees from across the industry, the 32nd annual ASMC will feature discussions on the global COVID-19 pandemic’s impact on manufacturing leadership, semiconductor market trends, heterogenous integration and quantum computing.







