U.S. Passes Landmark Law to Fund Semiconductor Manufacturing
Cars That Think
JULY 29, 2022
The CHIPS and Science Act , provides about $52 billion over 5 years to grow semiconductor manufacturing and authorizes a 25 percent tax credit for new or expanded facilities that make semiconductors or chipmaking equipment. Twenty-five percent [tax credit] means we’re in it to win.” —Ian Ian Steff, former U.S.
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