CHIPS Act Deep Dive Part 1: New Federal Funding for the Industrial Manufacturing Industry

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:

• Background on the CHIPS Act
• Importance of Semiconductors in the Industrial Industry
• What is the CHIPS Act and Tax Policy
• 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.

Chapters

• 2:28 Semiconductors (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