Semiconductor stocks were rising hesitantly Tuesday, ahead of an expected Senate vote on a bill that would authorize more than $50 billion in subsidies and tax credits for U.S. chip makers. The measure, known as the CHIPS for America Act, is a pared down version of a broader set of bills designed to strengthen the U.S. semiconductor industry and reduce dependence on Chinese and Taiwanese manufacturers. The CHIPS bill authorizes about $52 billion in grants and loans for chip manufacturers, as well as a new, four-year 25% investment tax credit for chip making. Read More...
Semiconductor stocks were rising hesitantly Tuesday, ahead of an expected Senate vote on a bill that would authorize more than $50 billion in subsidies and tax credits for U.S. chip makers. The measure, known as the CHIPS for America Act, is a pared down version of a broader set of bills designed to strengthen the U.S. semiconductor industry and reduce dependence on Chinese and Taiwanese manufacturers. The CHIPS bill authorizes about $52 billion in grants and loans for chip manufacturers, as well as a new, four-year 25% investment tax credit for chip making.
