Flexible Electronics News

SEMI Applauds President Biden’s Signing of CHIPS and Science Act of 2022

The legislation provides a 25% tax credit for US facilities that produce semiconductors or chipmaking equipment and $52 billion in funding for new programs.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

SEMI, the industry association serving the global electronics design and manufacturing supply chain, applauded the signing of the CHIPS and Science Act of 2022 by US President Joe Biden. The legislation provides a 25% tax credit for US facilities that produce semiconductors or chipmaking equipment and $52 billion in funding for new semiconductor programs. The funding includes $39 billion for grants available to chip manufacturers as well as semiconductor equipment and materials suppliers and ...

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