SEMI expressed strong support for the Facilitating American-Built Semiconductors (FABS) Act. The bill, introduced by Senate Finance Committee Chairman Ron Wyden (D-OR) and Ranking Member Mike Crapo (R-ID), and co-sponsored by Senators Mark Warner (D-VA), John Cornyn (R-TX), Debbie Stabenow (D-MI) and Steve Daines (R-MT), would create a 25% federal tax credit, with an election to receive the tax credit as a direct payment, for investments in semiconductor manufacturing facilities and equipment, a...