August 23, 2022
Wednesday, August 31 | Breakdown of CHIPS and Science Act of 2022: What companies can do now (1 pm ET)
A panel of subject matter professionals from across EY will share the issues and opportunities related to both the incentives and loans and the Advanced Manufacturing Investment Credit provisions included in the CHIPS and Science Act of 2022 as it relates to semiconductors.
The recently signed CHIPS and Science Act of 2022 aims to build a domestic US supply chain for semiconductor chips in the face of foreign competition. The law includes $52.7 billion in funding for semiconductor manufacturing subsidies, grants and loans. It also provides a 25% investment tax credit (Advanced Manufacturing Investment Credit) for investments in semiconductor manufacturing that includes incentives for the manufacturing of semiconductors, as well as for manufacturing of specialized tooling equipment required in the semiconductor manufacturing process. Please join us for a discussion and overview of the new law and its potential implications for businesses.
The following topics will be discussed:
We look forward to your participation.
Date: Wednesday, August 31, 2022
Time: 1:00–2:00 p.m. ET New York; 10:00–11:00 a.m. PT Los Angeles
Registration: Register for this event and other EY Tax Webcasts at: https://taxnews.ey.com/news/0000-0000
Sharon Heck, Chief Tax Officer, Intel Corporation
Steve Shee, VP of Global Tax, Applied Materials
CPE credit offered: up to 1.2 depending on duration. Recommended field of study: Taxes. Learning objectives: Identify the key provisions of the CHIPS and Science Act of 2022; recognize the broader semiconductor industry issues to consider; recognize which types of companies qualify for different provisions of the new law. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.
Learn about and register for EY Tax Webcasts
Register for EY’s Tax News Update so you don’t miss any EY Tax Webcasts: taxnews.ey.com/register
CHIPS Science Act of 2022