It seems the Trump administration is planning to offer additional tax incentives to semiconductor giants like TSMC, Intel, and Micron if they ramp up their U.S. manufacturing investments. This move comes as part of efforts to boost domestic chip production and reduce reliance on overseas suppliers. While Trump has previously criticized the Biden-era CHIPS Act, claiming it to be a political maneuver, the Trump administration has increasingly recognized the importance of domestic semiconductor production. The administration is now eyeing the idea of increasing tax credits from 20% to 35% for companies that invest in manufacturing facilities within the U.S. While these changes have yet to be finalized, it is clear that firms like TSMC and Micron are poised to benefit significantly from this expansion. TSMC, for instance, has committed over $100 billion to its U.S. 
facilities, signaling its intent to make the most of any new tax incentives. Similarly, Micron has announced plans to invest up to $200 billion in the U.S., focusing on cutting-edge memory production. Although some critics question the efficacy of supporting Intel given its past struggles, it remains a key player in this domestic manufacturing push.
Despite these efforts, Intel’s reputation remains in question. Critics argue that Intel has not kept pace with competitors like AMD, and many believe that investing in Intel might be more of a waste of money than a smart move. Still, the current administration’s focus on revitalizing U.S.-based chip manufacturing has made these incentives an essential tool for attracting more investment into the country.
For now, it remains to be seen which companies will ultimately benefit from the increased tax credits, but the hope is that this plan will help boost the U.S.’s position in the global semiconductor market and reduce the dependence on foreign manufacturers.