Section 1 Short title
This Act may be cited as the “Strengthening Essential Manufacturing and Industrial Investment Act” or the “SEMI Investment Act”.
Strengthening Essential Manufacturing and Industrial Investment Act
A BILL
To amend the Internal Revenue Code of 1986 to expand the advanced manufacturing investment credit to include materials integral to the manufacturing of semiconductors or semiconductor manufacturing equipment.
Sec. 2 Expansion of advanced manufacturing investment credit
In general— Paragraph (3) of section 48D(b) of the Internal Revenue Code of 1986 is amended to read as follows:
“(3) Advanced manufacturing facility—The term advanced manufacturing facility means a facility for which the primary purpose is the manufacturing of—
“(A) semiconductors,
“(B) semiconductor manufacturing equipment, or
“(C) materials primarily used for, and integral to, the manufacturing of semiconductors or semiconductor manufacturing equipment.”
Effective date— The amendment made by this section shall take effect as if included in section 107 of the CHIPS Act of 2022 (Public Law 117–167).