Wyden, Crapo Bow US Chip Tax Credit Bill
Senate Finance Committee Chairman Ron Wyden, D-Ore., and ranking member Mike Crapo, R-Idaho, bowed the Facilitating American-Built Semiconductors Act Thursday. It would create a 25% tax credit for chipmaking investments. “The supply of everything from computers to cars is affected…
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by these shortages, and the way to fix this problem is to bring chip manufacturing back to” the U.S., Wyden said. The Semiconductor Industry Association praised the bill.