
ALT Expand tax credits that accelerate American manufacturing. The Administration has already taken critical steps to strengthen American manufacturing by extending the Advanced Manufacturing Investment Credit (AMIC) for semiconductor fabrication. OSTP should now double down on this approach and work with Congress to further extend eligibility to the semiconductor manufacturing supply chain; grid components like transformers and specialized steel for their production; AI server production; and AI data centers. Broadening coverage of the AMIC will lower the effective cost of capital, de-risk early investment, and unlock private capital to help alleviate bottlenecks and accelerate the AI build in the US. Counter the PRC by de-risking US manufacturing expansion. To provide manufacturers with the certainty and capital they need to scale production quickly, the federal government should also deploy grants, cost-sharing agreements, loans, or loan guarantees to expand industrial base capacity and





















