The U.S. House of Representatives has recently introduced the Advanced Semiconductor Investment Credit Act, a landmark legislation that elevates the investment credit rate to 35% and extends its validity for four years, aiming to rejuvenate the U.S. semiconductor manufacturing sector. The Semiconductor Industry Association (SIA) emphatically endorses this initiative, asserting that it will serve as a potent catalyst for industry investments and is pivotal for maintaining the competitive edge of the U.S. in global markets. Currently, the U.S. boasts over 100 new semiconductor projects, with private investments surpassing $540 billion, and projections indicate that chip manufacturing capacity could double by 2032. In line with this momentum, SIA urges the expansion of the credit's scope to encompass chip design and the production of critical materials, thereby fostering a holistic advancement of the semiconductor ecosystem.