Bloomberg Tech Chip Tax Credits Get Boost in Trump Tax Bill
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Jun 17, 2025 Lei Chu, Chief Investment Officer at Alliance Bernstein, and Casa Yunus, CEO of Applied Intuition, dive into the potential impacts of President Trump's tax bill, boosting chip tax credits to 30%. They discuss how this could catalyze more investments in the semiconductor sector. Casa also shares insights on Applied Intuition's ambitious plans to use their recent $600 million funding for advancing self-driving technologies. The duo examines the intersection of innovation, automation, and the future of U.S. manufacturing as they navigate the changing tech landscape.
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Boosting U.S. Chip Tax Credit
- Increasing the U.S. chip investment tax credit to 30% will significantly increase incentives for semiconductor manufacturing in the U.S.
- This could result in massive tax breaks, influencing companies like TSMC to invest billions domestically.
Global Strategic Importance of Semiconductors
- The strategic importance of semiconductor manufacturing is global, not just U.S.-centric.
- Domestic capacity building is crucial for all countries amid supply-demand shifts and geopolitical tensions.
Rare Earths Supply Challenge
- The West's dependence on China for rare earths remains unresolved, hindering critical technology supply chains.
- Supply chain self-sufficiency on rare earths is a longstanding challenge with no quick fixes.