Expanding Tax Credits for Semiconductor Manufacturing Materials.
This law expands an existing advanced manufacturing tax credit to include companies that produce essential materials used in making semiconductors and related equipment. The goal is to strengthen the domestic technology supply chain, potentially leading to new high-tech job creation and enhancing economic security. These changes are applied retroactively, effective since 2022.
Key points
New tax incentives for companies manufacturing materials integral to computer chip production.
The support aims to boost domestic production of critical technological components and enhance supply chain security.
The changes are retroactive, applying as if they were part of the original CHIPS Act of 2022.
Expired
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