US chipmakers could see bigger tax credits if Trump’s spending bill passes

The semiconductor industry could see a big tax benefit if the Trump administration is able to pass the current version of its spending bill.

The latest draft of the Trump administration’s “Big, Beautiful Bill,” which already passed in the Senate, will raise the tax credit for chipmakers building manufacturing plants in the U.S. from 25% to 35%, as originally reported by CNBC.

Companies including Intel, TSMC, and Micron Technology could reap these benefits if they continue to expand their U.S. manufacturing efforts.