Reported 1 day ago
The Senate's draft tax bill proposes to raise the investment tax credit for semiconductor manufacturers from 25% to 30%, encouraging companies to invest in new facilities ahead of a 2026 deadline. This initiative aligns with the 2022 Chips and Science Act, which aims to boost the U.S. semiconductor industry through significant financial incentives. Despite previous calls from Trump to repeal the Chips Act, lawmakers across parties favor maintaining these subsidies to support job creation in a critical sector.
Source: YAHOO