New legislation has been announced in the US to expand the CHIPS and Science Act’s 25% investment tax credit for semiconductor design research and development expenditures.
The Semiconductor Technology Advancement and Research (STAR) Act was announced by Congressman Blake Moore to enhance US leadership in chip design and maintain a secure value chain.
Representatives Blake Moore (R-UT), Michael McCaul (R-TX), Doris Matsui (D-CA.), Suzan DelBene (D-WA), John Moolenaar (R-MI), Raja Krishnamoorthi (D-IL), Ro Khanna (D-CA), Joe Morelle (D-NY), and Claudia Tenney (R-NY) introduced the STAR Act.
News of the legislation follows a report released by the Semiconductor Industry Association (SIA) and the Boston Consulting Group, which said that incentives for semiconductor design and research and development would help maintain long-term US chip design.
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