Semiconductor Superiority Act

The Semiconductor Superiority Act expands tax incentives for building semiconductor manufacturing facilities in outer space, including low-Earth orbit. It modifies existing federal tax credits to allow equipment used for transporting crew or supplies, as well as property located in space, to count toward these financial benefits. The bill also clarifies that functions like flight control and crew habitation are considered part of the manufacturing process for these orbital facilities. This legislation applies only to new facilities and equipment placed in service after the law is enacted.