U.S. Rep. Claudia Tenney has introduced a bill to expand a key CHIPS and Science Act tax credit for semiconductor manufacturers, according to reporting by Robert Harding. Her proposal would boost the credit from 25% to 35% and extend it through 2030 to spur domestic chip production.
The legislation, which has bipartisan backing including seven New York lawmakers, aims to strengthen U.S. manufacturing efforts, particularly major projects like Micron’s planned $100 billion facility in Onondaga County. Industry leaders, including Micron’s CEO, support the move.
Despite criticism of the CHIPS Act from former President Trump, congressional support for semiconductor investment remains strong across party lines.
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