ON Semiconductor Lobbying Reaches $190,000 Amid CHIPS Act Debate

Combined across both registrants, ON Semiconductor's third-quarter lobbying spending totaled $190,000, up $80,000, or 72.7%, from the third quarter of 2025, when only Mayer Brown reported $110,000.

The Mayer Brown filing lists three lobbyists, all with prior government experience:

• Jonathan Becker, partner, previously served on the Senate Judiciary Committee.
• Warren Payne III, legal professional, consultant and senior adviser, previously served on the House Ways and Means Committee during the 110th through 113th Congresses.
• Dan Harder, senior government affairs adviser, previously served on the House Ways and Means Committee during the 113th Congress and in the office of former Rep. Mike Bishop (R-MI).

The Icebreaker Strategies team lists six lobbyists: Will Todd IV, Matt Bower, Lily Woodall, Tyler Irwin, Mike Clementi and Brian Potts.

Broader Context

CHIPS and Science Act

A Congressional Research Service report states that fiscal 2026 is the final year in which the Commerce Department is scheduled to receive CHIPS Act funding for domestic semiconductor-production incentives. Rep. Zoe Lofgren (D-CA) called the Commerce Department's $2 billion in quantum awards from CHIPS Act funds illegal in May, questioning the use of taxpayer money.

In February 2021, SEMI and 16 other industry groups, including the Semiconductor Industry Association (SIA), urged the Biden administration to fund CHIPS for America Act programs, citing a decline in the U.S. share of global semiconductor manufacturing capacity from approximately 24% to 12% over 20 years.

In July 2022, Americans for Prosperity urged Congress to reject the CHIPS Act, calling its subsidies unnecessary corporate welfare and noting that companies had announced nearly $80 billion in U.S. investment plans since the beginning of 2021.

Technologies presenting national and economic security risks

Rep. Josh Riley (D-NY) backed the bipartisan MATCH Act in April, which would strengthen U.S. export controls on semiconductor manufacturing equipment. Sen. Ted Budd (R-NC) promoted his Semiconductor Superiority Act in June to help U.S. manufacturers compete with China on semiconductor technology.

One Big Beautiful Bill Act and CAMT

H.R. 1 became Public Law 119-21 on July 4, 2025. ON Semiconductor's lobbying filing identifies the law among the tax issues being monitored.

The SIA supported the law's increase in the advanced manufacturing investment credit from 25% to 35%. A Congressional Research Service analysis cited a Joint Committee on Taxation estimate that the 15% corporate alternative minimum tax would raise approximately $222 billion over 10 years. It also discussed research estimating that, if applied to earlier financial data, roughly 80 corporations would have been subject to the tax.

The Bottom Line

Fiscal 2026 is the final year in which the Commerce Department is scheduled to receive CHIPS Act funding for domestic semiconductor-production incentives under the law's existing funding schedule.

S. 796, the Book Minimum Tax Repeal Act, would repeal the 15% corporate alternative minimum tax. Introduced Feb. 27, 2025, the measure was referred to the Senate Finance Committee, with no subsequent action identified in the reviewed legislative record.

Mayer Brown's quarterly lobbying income from ON Semiconductor has remained unchanged in recent complete quarters, while Icebreaker Strategies' reported income rose in the first quarter and then stabilized. Neither firm's disclosed lobbying team changed during the most recent quarter.

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