Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

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

Toyocolor to Launch New Carbon Nanotube Materials at nano tech 2015 January 24th, 2015

NANOPOSTER 2015 - 5th Virtual Nanotechnology Conference - call for abstracts January 24th, 2015

Nanosensor Used for Simultaneous Determination of Effective Tea Components January 24th, 2015

The latest fashion: Graphene edges can be tailor-made: Rice University theory shows it should be possible to tune material's properties January 24th, 2015

Govt.-Legislation/Regulation/Funding/Policy

The latest fashion: Graphene edges can be tailor-made: Rice University theory shows it should be possible to tune material's properties January 24th, 2015

Scientists 'bend' elastic waves with new metamaterials that could have commercial applications: Materials could benefit imaging and military enhancements such as elastic cloaking January 23rd, 2015

Harper Government Supports Research Innovation in Western Canada January 22nd, 2015

EnvisioNano: An image contest hosted by the National Nanotechnology Initiative (NNI) January 22nd, 2015

Announcements

Toyocolor to Launch New Carbon Nanotube Materials at nano tech 2015 January 24th, 2015

NANOPOSTER 2015 - 5th Virtual Nanotechnology Conference - call for abstracts January 24th, 2015

Nanosensor Used for Simultaneous Determination of Effective Tea Components January 24th, 2015

The latest fashion: Graphene edges can be tailor-made: Rice University theory shows it should be possible to tune material's properties January 24th, 2015

Energy

New technique helps probe performance of organic solar cell materials January 23rd, 2015

Transparent artificial nacre: A brick wall at the nanoscale January 22nd, 2015

Teijin to Participate in Nano Tech 2015 January 22nd, 2015

The path to artificial photosynthesis: HZB researchers describe efficient manganese catalyst capable of converting light to chemical energy January 21st, 2015

Alliances/Partnerships/Distributorships

Smart keyboard cleans and powers itself -- and can tell who you are January 21st, 2015

DNA 'glue' could someday be used to build tissues, organs January 14th, 2015

GLOBALFOUNDRIES and Linear Dimensions to Offer Joint Analog Solution For Fast-Growing Wearables and MEMs Sensors Markets January 9th, 2015

Nanowire clothing could keep people warm -- without heating everything else January 7th, 2015

Solar/Photovoltaic

New technique helps probe performance of organic solar cell materials January 23rd, 2015

Teijin to Participate in Nano Tech 2015 January 22nd, 2015

The path to artificial photosynthesis: HZB researchers describe efficient manganese catalyst capable of converting light to chemical energy January 21st, 2015

Self-assembled nanotextures create antireflective surface on silicon solar cells: Nanostructured surface textures-with shapes inspired by the structure of moths' eyes-prevent the reflection of light off silicon, improving conversion of sunlight to electricity January 21st, 2015

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







© Copyright 1999-2015 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE