Weber Times

Congressman Blake Moore, alongside a bipartisan group of legislators, has reintroduced the Semiconductor Technology Advancement and Research (STAR) Act in the 119th Congress. This legislation aims to provide an investment tax credit for semiconductor design expenditures, thereby advancing the United States' research and development initiatives in this field.

"Semiconductors are the linchpin to the technologies of the future in countless sectors, from health care to defense to energy, and they are critical to U.S. national security and global competitiveness," said Congressman Moore. He expressed gratitude towards his colleagues for their support in reintroducing the STAR Act and emphasized its potential to enhance U.S. leadership in chip design.

Congresswoman Suzan DelBene highlighted the importance of semiconductors to the economy, stating that they power everything from cars to cellphones. She noted that while significant progress was made with the Chips & Science Act, continued investment is necessary for maintaining America's global leadership in this crucial technology sector.

Congressman Michael McCaul, who authored the CHIPS for America Act, expressed pride in co-sponsoring the STAR Act. He described it as essential for bolstering national security and creating high-paying jobs within communities.

Congresswoman Doris Matsui remarked on the transformative investments initiated by the CHIPS Act and stressed that further efforts are needed to ensure U.S. leadership across all stages of semiconductor technology development.

Chairman John Moolenaar emphasized that this bipartisan legislation would cut taxes, protect jobs, and empower American chipmakers against international competitors. "The STAR Act fuels innovation," he stated.

Ranking Member Raja Krishnamoorthi pointed out that strengthening domestic semiconductor research and development is vital for maintaining American leadership in technology sectors crucial for national security.

The STAR Act proposes a 25% tax credit for semiconductor design R&D expenditures and extends a manufacturing tax credit for ten years. The bill seeks to secure American technological leadership across various industries by ensuring that semiconductor intellectual property originates domestically.