Submitted by christian on Sun, 08/14/2022 - 17:07
- $52.7 billion for chip manufacturing and research
- $39 billion over five years to expand domestic semiconductor manufacturing. It will provide companies incentives to build, expand and modernize US facilities and equipment.
- New 25% tax credit for companies that invest in semiconductor manufacturing equipment or the construction of manufacturing facilities.
- Private companies that receive financial assistance will be restricted from expanding certain chip manufacturing in China for 10 years.
