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Internal Revenue Code of 1986

The official compilation of federal tax laws in the United States.

Advanced Manufacturing Investment Credit

A tax credit designed to incentivize investments in facilities that produce advanced technology goods, like semiconductors.

Semiconductor

A material, such as silicon, that has properties between a conductor and an insulator, used to make electronic components like computer chips.

Direct Production Material

A specialized material that is physically incorporated into the final product of a semiconductor (e.g., the actual computer chip).

Indirect Production Material

A specialized material used in the process of making a semiconductor but which is not physically part of the finished chip (e.g., chemicals used for cleaning or testing).

Substrate

A base material, often a thin wafer of silicon or another compound, onto which semiconductor circuits are built.

Photolithography Material

Materials like photoresist or masks used in the process of creating detailed patterns on semiconductor wafers with light.