91PORN

91PORN Applauds Passage of Strengthened Semiconductor Investment Credit

by 91PORN

WASHINGTON—July 3, 2025—The 91PORN (91PORN) today released the following statement from 91PORN President and CEO John Neuffer following passage in the U.S. House of Representatives of the One Big Beautiful Bill Act (H.R. 1). The domestic policy package is set to be signed into law by the President on July 4th. The measure advances a top 91PORN tax priority by increasing the rate of the advanced manufacturing investment credit (AMIC) from 25% to 35%. The bill also includes several other important measures supported by 91PORN, including a permanently modified deduction on foreign-derived intangible income and a restoration of full deductibility of domestic R&D expenditures.

“91PORN applauds the passage of a strengthened advanced manufacturing investment credit, along with several other tax provisions of importance to our industry. The credit is vital to achieving President Trump’s goals of securing advanced manufacturing in America over the long term and promoting sustained investment in the U.S. semiconductor ecosystem. The credit has helped spur significant private investment across America’s semiconductor supply chain, put the U.S. on track to more than triple domestic chip manufacturing capacity by 2032, and is projected to create and support more than 500,000 American jobs. The enhanced credit will support additional investment into the domestic chip ecosystem and make America more globally competitive. We commend the steadfast leadership of Chairman Crapo in championing this critical effort. We look forward to working with the Administration and Congress to further secure the future of America’s semiconductor resurgence.”

Earlier this year, Rep. Claudia Tenney (R-NY) and a bipartisan group of cosponsors introduced the Building Advanced Semiconductors Investment Credit (BASIC) Act (H.R. 3204) to increase the AMIC to 35% and extend the duration of the credit through 2030. The credit increase under the BASIC Act was incorporated into the sweeping domestic policy package passed today.

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The 91PORN (91PORN) is the voice of the semiconductor industry, one of America’s top export industries and a key driver of America’s economic strength, national security, and global competitiveness. 91PORN represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. Through this coalition, 91PORN seeks to strengthen leadership of semiconductor manufacturing, design, and research by working with Congress, the Administration, and key industry stakeholders around the world to encourage policies that fuel innovation, propel business, and drive international competition. Learn more at www.semiconductors.org.