By Kat Lucero (August 12, 2022, 6:42 PM EDT) — Semiconductor firms can obtain a 25% tax credit score due to a brand new regulation designed to assist enhance home chip manufacturing, however the incentive has practitioners unsure as to what sort of investments can qualify.
The Creating Useful Incentives to Produce Semiconductors and Science, or CHIPS, Act turned regulation this week, establishing the tax credit score as one of many perks to revive U.S. manufacturing of the crucial tech elements amid international competitors. Semiconductors have been invented within the U.S., however firms have more and more moved manufacturing to Asia.
The lately handed CHIPS Act will present semiconductor firms with a 25% tax credit score to assist…
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