Rep. Katko Joins Major Bipartisan Efforts to Boost Domestic Semiconductor Manufacturing

Statement

U.S. Rep. John Katko (NY-24) today announced he has joined two significant bipartisan efforts to boost domestic semiconductor manufacturing.

Alongside U.S. Rep. Michael McCaul (TX-10) and seven other members of Congress, Rep. Katko introduced the Facilitating American-Built Semiconductors (FABS) Act. This bipartisan bill would drive long-term investment in the design and manufacturing of semiconductor chips in the United States by providing a 25 percent investment tax credit for costs associated with domestic semiconductor manufacturing.

Additionally, Rep. Katko and New York's Congressional Delegation led an effort to urge the Department of Commerce Secretary Gina Raimondo to establish the National Semiconductor Technology Center and National Advanced Packaging Manufacturing Program (NAPMP) in New York State. These programs, which were authorized by the CHIPS for America Act, would support semiconductor manufacturers by advancing research on semiconductor technology.

"I am proud to be leading these important bipartisan efforts to boost domestic semiconductor manufacturing," said Rep. Katko "In light of the dire chip shortage our nation faces, we must bolster our manufacturing capabilities. By providing tax incentives for semiconductor manufacturers and making New York State the site for significant national semiconductor research, we are taking vital steps that could allow Central New York to become a hub for semiconductor manufacturing."

Source