U.S. Senators Propose 25% Tax Credits for Domestic Chipmakers

A bipartisan group of U.S. senators proposed on Thursday a 25% tax credit for investments in chip production in the country. The proposal is an addition to the $52 billion semiconductor industry funding plan approved by U.S. legislators last week, showing a large push to boost support for domestic chipmakers.

The Facilitating American-Build Semiconductors (FABS) Act proposes a 25% investment tax credit for investments in semiconductor manufacturing facilities and in production of fab tools. 

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