Key Facts on the Proposed CHIPS Act

First, what is CHIPS? The CHIPS Act stands for Creating Helpful Incentives to Produce Semiconductors for America. This proposed refundable investment tax credit encourages domestic semiconductor manufacturing and has already gained bipartisan support.  Who are the key players?  Senator John Cornyn, a senior member of the Senate Finance Committee, heads a group of bipartisan lawmakers from the House and Senate in the pursuit of this refundable credit. There have been discussion within Congress to include the CHIPS Act in pandemic response legislation.  What are the potential benefits?  What does this mean for Chipmakers? It’s great news! Chipmakers will have support in 5G wireless network pursuits as well as the ability to stay competitive within the global technology landscape. We will … Read More