Chips R&D Promotion Bill Proposed

Posted 8/2/24

House Select Committee on China Chairman John Moolenaar (R-Mich) and ranking Democrat Raja Krishnamoorthi (Ill) unveiled bipartisan legislation yesterday to boost US semiconductor research and development in order to compete against China’s attempt to dominate the industry.

The Semiconductor Technology Advancement and Research Act would create an investment tax credit for semiconductor design expenditures.

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