Amtech Electrocircuits’ CEO Jay Patel has initiated a petition urging policymakers to implement a 10% tax credit for Original Equipment Manufacturers (OEMs) sourcing from US electronics manufacturers.
This initiative aims to bolster domestic manufacturing, enhance national security, and stimulate technological innovation by incentivising OEMs to prioritise US-based suppliers.
“Our manufacturing industry is the backbone of the American economy, providing quality jobs and driving technological advancements,” said Jay Patel, CEO of Amtech Electrocircuits. “However, unfair trade practices and overseas competition have led to a decline in our industry. By introducing a 10% tax credit for OEMs that source from US companies, we can revitalise domestic manufacturing, safeguard jobs, and strengthen our national security.”
The petition highlights the challenges faced by US electronics manufacturers, including financial burdens imposed by unfair trade practices, and proposes the tax credit as a solution to incentivise domestic sourcing. By encouraging OEMs to partner with US suppliers, the policy aims to create a more resilient and secure supply chain for critical technologies.
Amtech Electrocircuits invites industry stakeholders, policymakers, and the public to support this initiative by signing the petition and advocating for policies that promote the growth and sustainability of US manufacturing.
For more information and to sign the petition, please visit the Change.Org page here.
