Tax

All In: The CHIPS Act provides incentives for semiconductor investment

In a show of bipartisanship, Congress passed the Creating Beneficial Incentives for Semiconductor Manufacturing Act (CHIPS Act) on July 27, 2022, which was signed into law by President Biden on August 9, 2022. The CHIPS Act provides substantial funding for five years for loans and loan guarantees to support investments in semiconductor manufacturing and a …

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Biden to Sign CHIPS Act, Including Brand New Investment Tax Credit for Semiconductor Facilities – Tax Authority

04 August 2022 Morrison & Foerster LLP To print this article, all you need is to be registered or logged in to Mondaq.com. On July 28, 2022, Congress passed the CHIPS Act. Among other things, CHIPS adds Section 48D to the Internal Revenue Code, which provides a new manufacturing investment tax credit for investments in …

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