WASHINGTON : The Biden administration on Monday will release new guidance for its $52-billion U.S. semiconductor manufacturing and research program detailing how companies seeking major awards must provide affordable high-quality childcare.
The Commerce Department plans to begin accepting applications in late June for a $39-billion manufacturing subsidy program. The law also creates a 25 per cent investment tax credit for building chip plants, estimated to be worth $24 billion.
Source: News Formal (newsformal.com)
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