Tax credits for chip design: boosting US semiconductor technology investment
This Act introduces new tax credits for companies engaged in semiconductor (chip) design within the United States. The goal is to incentivize greater investment in domestic research and development of advanced technologies. While the benefits target businesses, the overall aim is to strengthen American technological manufacturing and potentially create new, high-wage jobs.
Key points
Companies designing chips in the US can deduct 25% of qualified design expenditures from their taxes (investment credit).
The credit covers in-house costs (wages, supplies) and contract expenses, provided the design work is conducted within the United States.
Support is focused on designing new or improved functions, performance, and reliability of semiconductors, excluding routine testing or cosmetic changes.
Status:
Expired
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