US Chipmakers May Receive Larger Tax Credits Under Proposed Trump Spending Bill
📷 Image source: techcrunch.com
A proposed spending bill backed by former President Donald Trump could significantly increase tax credits for U.S. semiconductor manufacturers, according to recent reports. The legislation, if passed, aims to bolster domestic chip production and reduce reliance on foreign supply chains—a critical issue highlighted during global shortages in recent years. The bill would expand existing incentives under the CHIPS Act, potentially offering billions in additional tax breaks to companies investing in American fabrication plants. Industry leaders argue that such measures are necessary to compete with heavily subsidized rivals in Asia, particularly China and Taiwan. Critics, however, question the fiscal impact and whether the benefits will outweigh the costs. The proposal is expected to face rigorous debate in Congress amid broader discussions about U.S. industrial policy and economic competitiveness.
