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Global Trade Alert

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United States of America: U.S. Administration enacts the CHIPS and Science Act of 2022

Description

On 9 August 2022, the US Administration signed into law the CHIPS and Science Act of 2022 establishing a tax credit for investments in semiconductor manufacturing as well as manufacturing of specializ...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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