The Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act was recently signed into law as part of the CHIPS and Science Act of 2022. The bill provides manufactures greater incentives to produce semiconductors (e.g., chips) domestically in the U.S.
Join Matt Brady, our Industrial Industry Leader, and Ron Wainwright, a Strategic Tax Partner in our Tax Credits and Incentives Advisory group, as they explore the benefits the industrial industry is able to take advantage of through this new legislation.
The podcast covers:
- 2:28 – Background on the CHIPS Act
- 4:19 – Importance of Semiconductors in the Industrial Industry
- 9:16 – What is the CHIPS Act and Tax Policy
- 15:19 – Overview of the New Advanced Manufacturing Credit
Stay tuned for Cherry Bekaert’s future podcasts that dive deeper into the Advanced Manufacturing Credit, funding in the CHIPS Act, and the American Manufacturing Credit and Manufacturing Product Credit.
See our previous podcasts in this series that you may have missed:
- CHIPS Act Deep Dive Part 2: Advanced Manufacturing Investment Tax Credit
- CHIPS Act Deep Dive Part 3: American Manufacturing Credit and Manufacturing Production Credit
- CHIPS Act Deep Dive Part 4: Unpacking the Complexities of the Many Tax Credits Under the CHIPS Act and the IRA of 2022
- CHIPS Act Deep Dive Part 5: New Ways to Monetize Energy Tax Credits for the Industrial Industry
View All Industrial Manufacturing Podcasts
