U.S. chip firms are finally coming around to bills aimed at making the U.S. more competitive against a rising China, whose chip industry accounts for almost 10 per cent of global sales
, designs and manufacturers its own chips. Such firms would benefit from the $52 billion in CHIPS Act subsidies to build factories and also from an investment tax credit to purchase tools for use inside their factories from another measure called the FABS Act.
AMD, Qualcomm and Nvidia design their own chips but tap partners to fabricate them and would see no direct benefit from subsidies to build plants or tax support for tools. That version of the FABS Act – which is more pleasing to a broader swath of chip industry players – is also the one the Semiconductor Industry Association, which represents U.S. chip firms, had called on lawmakers to pass.
The current Senate legislation contains no design tax credit. An SIA spokesperson on Monday said the major chip design companies have told the association they do not plan to oppose the bill over the issue. An AMD spokesperson on Monday said the company supports the current legislation.The lack of a chip design tax credit had prompted some U.S.
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