CHIPS Act Tax Credit: Senate Bill Increases to 30%
- Senate proposes a temporary increase to the investment tax credit for semiconductor manufacturers.
- The increase, if approved, would provide further incentives for companies to invest in domestic semiconductor production.
- The Senate will debate and vote on the tax bill, determining whether the increased semiconductor tax credit becomes law.
Senate Tax Bill Eyes Boost to Semiconductor Tax Credit
Updated june 16, 2025
A draft tax bill in the U.S. Senate proposes a temporary increase to the investment tax credit for semiconductor manufacturers. The proposed legislation seeks to bolster the CHIPS Act by raising the tax credit from 25% to 30%.
The semiconductor role in the economy is seen as vital. The increase, if approved, would provide further incentives for companies to invest in domestic semiconductor production. The tax credit is slated to expire at the close of 2026.
What’s next
The Senate will debate and vote on the tax bill, determining whether the increased semiconductor tax credit becomes law. The semiconductor industry is watching closely, as the outcome could substantially impact investment decisions.