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Chip Makers to Find Out How to Get 25% Investment Tax Credit
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WASHINGTON—The Treasury Department is implementing a new 25% investment tax credit for semiconductor manufacturing and will propose regulations Tuesday that are designed to spur the industry’s domestic growth.
Congress created the tax credit last year as part of a package aimed at boosting U.S. competitiveness in semiconductors. The legislation came in response to a chip shortage during parts of the pandemic and to concerns about relying on other nations for such components.
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