Menu

US senators recommend 25% tax credit to attract semiconductor manufacturing

News
Policy & Regulation

US Commerce Secretary expects government funding could generate USD150 billion in chip production

To increasingly attract semiconductor manufacturing and reduce its import dependency, a bipartisan group of US senators have proposed a 25% tax credit to the companies setting up their production facilities, Reuters reported on 17 June.

Thank you for visiting IHS Markit AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload