/cloudfront-us-east-2.images.arcpublishing.com/reuters/AONQGUBICBK7XDP42OWV7IUVW4.jpg?fit=%2C&ssl=1 "U.S. senators propose new 25% tax credit for semiconductor manufacturing")
An Intel Tiger Lake chip is displayed at an Intel news conference during the 2020 CES in Las Vegas, Nevada, U.S. January 6, 2020. REUTERS/Steve Marcus/File Photo
WASHINGTON, June 17 (Reuters) – A bipartisan group of U.S. senators on Thursday proposed a new 25% investment tax credit for investments in semiconductor
manufacturing as Congress works to speed U.S. chips production.
The proposal sponsored by Senate Finance Committee Chairman Ron Wyden and the top Republican Senator Mike Crapo along with
Mark Warner, John Cornyn, Debbie Stabenow and Steve Daines would provide “reasonable, targeted…
