WASHINGTON – A coalition of 18 business and trade groups led by the Semiconductor Industry Association (SIA) is urging Congress to extend and expand the Advanced Manufacturing Investment Credit (AMIC), a semiconductor production tax credit scheduled to expire at the end of 2026.

In a letter sent to lawmakers, the groups called for the credit to be broadened beyond chip manufacturing to also support semiconductor design and research and development activities. The coalition represents industries spanning semiconductors, artificial intelligence, cloud computing, aerospace and defense, wireless communications, autonomous vehicles, medical technology, and manufacturing.

The AMIC has played a major role in driving domestic semiconductor investment following passage of the CHIPS Act, helping support hundreds of billions of dollars in announced private-sector spending across the US chip supply chain.

SIA president and CEO John Neuffer said the tax credit has been a key factor behind renewed semiconductor investment in the US and warned that allowing it to expire could weaken the country’s position in technology and manufacturing competitiveness.

Industry groups argued that extending the incentive would encourage additional domestic investment, strengthen supply chain resilience, and reinforce US leadership in advanced technologies tied to economic growth and national security.

The Advanced Manufacturing Investment Credit is currently set to expire at the end of 2026.

• Next