Mature Technology Node Resiliency and Manufacturing Act of 2021

To provide assistance for mature technology nodes, and for other purposes. 1. Short title This Act may be cited as the Mature Technology Node Resiliency and Manufacturing Act of 2021 2. Assistance for mature technology nodes (1) In general There is appropriated $2,000,000,000 for fiscal year 2022 to implement section 9902 of Public Law 116–283 (2) Criteria for assistance In addition to the procedures, eligibility, and considerations for review specified in subsection (a)(2) of Public Law 116–283 (A) (i) provide equipment or materials for the fabrication, assembly, testing, or advanced packaging of semiconductors at mature technology nodes in the United States; or (ii) fabricate, assemble using advanced packaging, or test semiconductors at mature technology nodes in the United States; and (B) commit to using any Federal financial assistance received under this section to increase the production of semiconductors at mature technology nodes. (3) Additional criteria In addition to the considerations described in subsection 9902(a)(2)(C) of Public Law 116–283 (4) Priority In awarding Federal financial assistance to covered entities under this section, the Secretary shall give priority to covered entities that support the resiliency of semiconductor supply chains for critical manufacturing industries in the United States. (5) Definition of critical manufacturing industry In this section, the term critical manufacturing industry (A) means an industry that is assigned a North American Industry Classification System code beginning with 31, 32, or 33, and for which the industry components that are assigned a North American Industry Classification System code beginning with the same 4 digits as the industry— (i) manufacture primary products and parts, the sum of which account for not less than 5 percent of the manufacturing value added by industry gross domestic product of the United States; and (ii) employ individuals for primary products and parts manufacturing activities that, combined, account for not less than 5 percent of manufacturing employment in the United States; and (B) may include any other manufacturing industry designated by the Secretary based on the relevance of the manufacturing industry to the national and economic security of the United States, including the impacts of job losses. (6) Definition of mature technology node In this section, the term mature technology node

Summary: Mature Technology Node Resiliency and Manufacturing Act of 2021 This bill provides $2 billion in FY2022 funds for the Department of Commerce to give financial assistance that incentivizes investment in semiconductor facilities and equipment at mature technology nodes. (A technology node is a specific semiconductor manufacturing process and its design rules.) This assistance shall be provided to certain entities with a demonstrated ability to substantially finance, construct, expand, or modernize a semiconductor facility. Such entities must also (1) provide equipment or materials or operate at mature technology nodes, and (2) commit to using federal financial assistance received pursuant to the bill to increase semiconductor production at such nodes. Commerce must prioritize entities that support the resiliency of the semiconductor supply chain for critical manufacturing industries in the United States.