SEMI, the industry association serving the global electronics design and manufacturing supply chain, applauded the passage of the Creating Helpful Incentives to Produce Semiconductors for America (CHIPS) Act of 2022 by the US Senate and urged the House of Representatives to swiftly pass the legislation. The bill provides a 25% tax credit for U.S. facilities that produce semiconductors or chipmaking equipment and $52 billion in funding for new semiconductor programs. The funding includes $39 b...