Washington, DC – May 14, 2025 – On May 7, 2025, U.S. Senators Marsha Blackburn, Michael Bennet, Thom Tillis and Chris Coons introduced the Strengthening Essential Manufacturing and Industrial Investment Act (SEMI Investment Act), which clarifies existing rules by expanding eligibility for the Advanced Manufacturing Investment Tax Credit (“Section 48D”) created by the CHIPS and Science Act. By making many of the domestic projects pursued by CGA members and other critical semiconductor supply chain companies eligible, the SEMI Investment Act will help secure America’s national and economic security interests and establish the country’s role as a leader of the entire semiconductor ecosystem.
“For the United States to become home to the strongest and most advanced semiconductor supply chain, manufacturers of critical materials must expand here; Section 48(D) is a tool that will help make that happen,” said Rich Gottwald, CGA President and CEO. “CGA-member projects are
critical to those manufacturing leading-edge logic and memory products. It is this supply chain that powers everything from your cellphone to the most advanced artificial intelligence. We are greatly appreciative of Senators Blackburn, Bennet, Tillis and Coons for their continued leadership and focus on clarifying Congress’ original intent underlying 48D and the Chips Act.”
The SEMI Investment Act amends the Internal Revenue Code of 1986 to clarify that the 48D Tax Credit includes materials integral to the manufacturing of semiconductors and semiconductor manufacturing equipment. The bill will ensure that critical materials projects can access the same 25 percent investment tax credit that semiconductor manufacturing and semiconductor manufacturing equipment projects have access to today.
“The Compressed Gas Association looks forward to working with Congress and the Trump Administration to pass the SEMI Investment Act into law, ”Gottwald said. “CGA members are committed to helping drive investments in American manufacturing, and this legislation is a needed step to support that effort. Not only would it put the United States on par with the efforts of other countries, but it would also ensure that America manufacturers realize the benefits of the semiconductor incentives Congress originally intended underthe CHIPS and Science Act.”
About the Compressed Gas Association
The Compressed Gas Association (CGA) is a global leader in the production, storage, distribution, and application of industrial, medical, food, and specialty gases and equipment, with nearly 400 safety standards developed since 1913. Recognized by international organizations like ISO, NFPA, and the United Nations, CGA’s standards are widely adopted by regulatory bodies worldwide. The association supports over 34,000 jobs in the U.S. and contributes over $10 billion to the American economy, with each job in the industry creating more than five additional jobs in related sectors. CGA is committed to promoting safety, innovation, and professional development in the compressed gas sector.