SEMI Investment Act

The SEMI Investment Act would expand the advanced manufacturing investment tax credit to include facilities that produce semiconductors, semiconductor manufacturing equipment, or semiconductor materials. It defines semiconductor materials broadly to cover both direct production materials (like substrates and thin films incorporated into chips) and indirect production materials (such as process chemicals, photolithography supplies, and testing equipment used in manufacturing but not part of the final product). The bill requires the Treasury Secretary, in consultation with the Commerce Secretary, to publish and update a list of qualifying materials within 180 days of enactment and annually…

No official summary is available here. This one was written by AI from the bill’s text.