Increased investment tax credit for chipmakers under Trump's tax bill benefits Nvidia, Intel, Broadcom. positive

The Senate passed the ‘One Big Beautiful Bill Act,’ benefiting chipmakers with an increased investment tax credit. The tax cut bill proposed by Trump aims to raise the credit to 30%, encouraging domestic production expansion. Trump initially criticized the Chips and Science Act but later established the United States Investment Accelerator to oversee it.

Top chipmakers like Nvidia, Intel, and Broadcom stand to benefit from the tax credit. Taiwan Semiconductor plans to invest $100 billion in U.S. semiconductor manufacturing. Apple has committed over $500 billion to U.S. investments in AI, silicon engineering, and advanced manufacturing, aligning with the industry’s growth.

Read more at Yahoo Finance: Nvidia, Intel, Broadcom, Micron, AMD And Other Chipmakers Stand To Benefit As Trump’s Tax Bill Increases Incentives To Make Semiconductors In US