Washington should reform the corporate tax system to enhance
America’s competitiveness, boost U.S. design and
manufacturing, and promote American innovation.
structure lags behind many other countries’ systems, blocking
possible pathways to innovation in the U.S. SIA will work to
ensure that any tax legislation reflects the semiconductor
industry’s core tax priorities – adoption of a lower rate, a
territorial system, and incentives for innovation. We are
pleased that Congress recently extended
the R&D tax credit through 2013, and we will continue our
push to expand the credit and make it permanent.
government should work together to improve the security and
authentication of semiconductor products.
of counterfeit semiconductors a growing economic and national
security concern, SIA will work to advance legislation that
stops counterfeit semiconductors from entering the U.S., promote
stricter government procurement guidelines, enhance
international efforts to stop counterfeiting at its source, and
explore various research opportunities and technology solutions
in order to drive the debate on the future of technology
support sustainability practices and innovation development by
ensuring that regulations meet the needs of the semiconductor
industry has a longstanding and distinguished record of
environmental stewardship. However, certain
regulations – when applied broadly to all industries – could
inappropriately undermine semiconductor design and manufacturing
processes in the U.S. We will work to continue protecting the
environment while also ensuring that regulation of chemicals and
other materials does not limit industry’s current operations,
product design, or future innovation.
The new year has brought with it a new Congress, a newly re-elected
President, and new hope that our leaders in Washington will set
aside partisan differences to do what’s right for America.
Policymakers can take an important step in that direction by
enacting SIA’s Policy Roadmap in 2013 to strengthen the U.S.
semiconductor industry and the overall U.S. economy.
Next month: Federal funding for university research
About the author
is president and CEO of the Semiconductor Industry Association
(SIA), the voice of the U.S. semiconductor industry. Joining the
association in 2010, Toohey brings more than two decades of
experience and knowledge in both federal and international
affairs as well as working in innovative technology, medical
device, and pharmaceutical industries. At SIA, Toohey is
responsible for setting and leading the public policy agenda and
serving as the primary advocate for maintaining U.S. leadership
in semiconductor design and manufacturing.