The Trump administration's proposed spending bill aims to raise the tax credit for chipmakers constructing manufacturing plants in the U.S. from 25% to 35%. This change could significantly benefit companies such as Intel, TSMC, and Micron Technology as they expand manufacturing operations domestically. The proposed credit could serve as a vital support for the semiconductor industry following recent export licensing restrictions on advanced AI chips to China, which have adversely affected revenue for several domestic chipmakers.
The latest draft of the Trump administration's 'Big, Beautiful Bill' will raise the tax credit for chipmakers building manufacturing plants in the U.S. from 25% to 35%.
Companies including Intel, TSMC, and Micron Technology could reap these benefits if they continue to expand their U.S. manufacturing efforts.
This proposed tax credit could give the semiconductor industry a needed boost after recent chip export licensing requirements have resulted in material revenue hits to multiple domestic chipmakers.
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