S 1642

This bill, the SEMI Investment Act, expands a tax credit available to companies that invest in advanced manufacturing. Specifically, it broadens the definition of ‘advanced manufacturing facility’ to include those involved in the production of semiconductors, semiconductor equipment, and semiconductor materials. It also clarifies what qualifies as ‘semiconductor materials,’ encompassing both direct (like substrates and thin films) and indirect (like chemicals and testing equipment) production inputs. The bill directs the Secretary of Commerce to create a list of qualifying materials and establish a process for companies to seek determinations on material eligibility.