U.S. senators propose 25% tax credit for semiconductor manufacturing

A bipartisan group of U.S. senators on Thursday proposed a 25% tax credit for investments in semiconductor manufacturing as Congress works to increase U.S. chip production.

The tax credit could benefit Taiwan Semiconductor Manufacturing Co (TSMC), which is building a $12 billion semiconductor factory in Arizona, and Dutch chipmaker NXP Semiconductors NV, as well as U.S. firms such as Intel Corp and Micron Technology Inc.

https://www.reuters.com/world/us/us...redit-semiconductor-manufacturing-2021-06-17/

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