Wyden, Crapo Bow US Chip Tax Credit Bill

Senate Finance Committee Chairman Ron Wyden, D-Ore., and ranking member Mike Crapo, R-Idaho, bowed the Facilitating American-Built Semiconductors Act Thursday. It would create a 25% tax credit for chipmaking investments. “The supply of everything from computers to cars is affected by these shortages, and the way to fix this problem is to bring chip manufacturing back to” the U.S., Wyden said. The Semiconductor Industry Association praised the bill.