Recently, the Biden administration formalised new rules for a 25% tax credit for semiconductor manufacturing projects, a move that marks a significant expansion of eligibility for the much-anticipated incentive programme in the CHIPS and Science Act 2022. The new rules cover not only wafer companies that produce final manufactured semiconductors, but also chip and chip manufacturing equipment producers, bringing tax benefits to a wider range of companies.
It is learnt that this new regulation was introduced more than a year after the initial proposed version of the rules, which means that the range of companies that can obtain tax incentives will be wider. The introduction of the new rules will undoubtedly have a far-reaching impact on the semiconductor industry, further stimulating the innovation and production dynamics of enterprises.
Notably, the tax credit will also apply to solar wafers. This unexpected adjustment may help stimulate U.S. domestic module production, thereby alleviating U.S. manufacturing woes in this area to some extent. Despite the surge in investment in U.S. panel manufacturing plants in recent years, the U.S. still faces challenges in component manufacturing. The implementation of the new regulations is expected to inject new momentum into the development of the U.S. solar industry.
Biden government to expand the scope of the chip tax credits, not only for the semiconductor industry's strong support, but also for the overall development of the U.S. manufacturing industry, a strong impetus. In the future, with the gradual landing of these preferential policies, the United States in the global semiconductor and solar energy competitiveness is expected to be further enhanced.
Source : https://news.solarbe.com/202410/23/383302.html
