Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > SEMI Urges Congress to Immediately Extend Tax Credits for R&D and Commercial Investment in Solar Energy: Lapsed Credits Could Result in Loss of U.S. J

Abstract:
SEMI urges Congress to immediately reinstate the R&D tax credit and to pass a long-term extension of the investment tax credit (ITC) for solar energy. The R&D tax credit expired on December 31, 2007 and the solar energy ITC is set to expire at the end of the year.

SEMI Urges Congress to Immediately Extend Tax Credits for R&D and Commercial Investment in Solar Energy: Lapsed Credits Could Result in Loss of U.S. J

Washington, DC | Posted on September 13th, 2008

These and other tax issues were the focus of a hearing held by the Small Business Committee of the House of Representatives on September 11. Leo Berlinghieri, CEO and president of MKS Instruments, testified on behalf of SEMI in support of immediate extension of these credits. "The R&D tax credit has a long history of strong bi-partisan, bi-cameral support, and it is unfortunate that is was allowed to expire eight months ago," Mr. Berlinghieri said. He noted that "the credit provides a critical, effective and proven incentive for companies to increase their R&D investment in the United States." Mr. Berlinghieri also discussed solar energy and shared data from a Navigant Consulting study in noting that, "if extended, the solar energy ITC is expected to create almost 40,000 more jobs and $8 billion in investments in 2009. If it is not extended, those jobs and investments will go elsewhere."

SEMI represents nearly 800 member companies in the United States. These companies face steep costs due to the intricate challenges of developing new generations of microelectronics. They spend heavily on R&D. On average, companies reinvest about 10-15 percent of revenues in R&D for advanced semiconductor manufacturing processes and technology.

Many SEMI members are involved in the photovoltaic industry. Because of concerns about a possible lapse of the solar ITC, SEMI sent a letter to the leadership of the Senate and the House of Representatives urging that this credit be extended before adjournment which is scheduled for late September. "Other nations have very generous incentives for solar energy and are leading in investment in this area," noted Victoria Hadfield, President of SEMI North America. She continued, "Now is the time to extend the ITC for solar energy. Failure to do so will ensure that these investments are made overseas."

####

About SEMI
SEMI is the global industry association serving the manufacturing supply chains for the microelectronic, display and photovoltaic industries. SEMI member companies are the engine of the future, enabling smarter, faster and more economical products that improve our lives. Since 1970, SEMI has been committed to helping members grow more profitably, create new markets and meet common industry challenges. SEMI maintains offices in Austin, Beijing, Brussels, Hsinchu, Moscow, San Jose, Seoul, Shanghai, Singapore, Tokyo, and Washington, D.C.

For more information, please click here

Contacts:
ASSOCIATION CONTACT
Ken Schramko
SEMI
Tel: 1.202.289.0440

Scott Smith
SEMI
Tel: 1.408.943.7957

Copyright © Marketwire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Caught on camera -- chemical reactions 'filmed' at the single-molecule level March 22nd, 2017

Rare-earths become water-repellent only as they age March 22nd, 2017

Pulverizing e-waste is green, clean -- and cold: Rice, Indian Institute researchers use cryo-mill to turn circuit boards into separated powders March 21st, 2017

CRMGroup in Belgium uses a Deben three point bending stage in the development of new steel & coated steel products for automotive and other industrial applications March 21st, 2017

Govt.-Legislation/Regulation/Funding/Policy

Electro-optical switch transmits data at record-low temperatures: Operating at temperatures near absolute zero, switch could enable significantly faster data processing with lower power consumption March 20th, 2017

AIM Photonics Welcomes Coventor as Newest Member: US-Backed Initiative Taps Process Modeling Specialist to Enable Manufacturing of High-Yield, High-Performance Integrated Photonic Designs March 16th, 2017

Researchers develop groundbreaking process for creating ultra-selective separation membranes: Discovery could greatly improve energy-efficiency of separation and purification processes in the chemical and petrochemical industries March 15th, 2017

Nanogate Expands Sustainability Management: Nanogate publishes a statement of compliance with the German Sustainability Code for the first time March 15th, 2017

Announcements

Caught on camera -- chemical reactions 'filmed' at the single-molecule level March 22nd, 2017

Rare-earths become water-repellent only as they age March 22nd, 2017

Pulverizing e-waste is green, clean -- and cold: Rice, Indian Institute researchers use cryo-mill to turn circuit boards into separated powders March 21st, 2017

CRMGroup in Belgium uses a Deben three point bending stage in the development of new steel & coated steel products for automotive and other industrial applications March 21st, 2017

Energy

Researchers develop groundbreaking process for creating ultra-selective separation membranes: Discovery could greatly improve energy-efficiency of separation and purification processes in the chemical and petrochemical industries March 15th, 2017

New nanofiber marks important step in next generation battery development March 14th, 2017

Perovskite edges can be tuned for optoelectronic performance: Layered 2D material improves efficiency for solar cells and LEDs March 10th, 2017

Space energy technology restored to make power stations more efficient: Scientists use graphene to reinvent abandoned heat energy converter technology March 7th, 2017

Alliances/Trade associations/Partnerships/Distributorships

AIM Photonics Welcomes Coventor as Newest Member: US-Backed Initiative Taps Process Modeling Specialist to Enable Manufacturing of High-Yield, High-Performance Integrated Photonic Designs March 16th, 2017

Applied Graphene Materials plc - Significant commercial progress in AGM’s three core sectors March 3rd, 2017

Strem Chemicals and Dotz Nano Ltd. Sign Distribution Agreement for Graphene Quantum Dots Collaboration February 21st, 2017

Leti Coordinating Project to Adapt Obstacle-Detection Technology Used in Autonomous Cars for Portable and Wearable Systems: INSPEX to Combine Knowhow of Nine European Organizations to Create Portable and Wearable Spatial-Exploration Systems February 2nd, 2017

Solar/Photovoltaic

New nanofiber marks important step in next generation battery development March 14th, 2017

Perovskite edges can be tuned for optoelectronic performance: Layered 2D material improves efficiency for solar cells and LEDs March 10th, 2017

Strem Chemicals and Dotz Nano Ltd. Sign Distribution Agreement for Graphene Quantum Dots Collaboration February 21st, 2017

'Lossless' metamaterial could boost efficiency of lasers and other light-based devices February 20th, 2017

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project