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Ekkehard Wende on Muck Rack

Ekkehard Wende

As seen in: The Tax Adviser
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Articles

The CHIPS Act’s advantageous direct-pay election

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By Adam Wallwork, Matthew Normington, Gary Hecimovich, Jeremy DeMuth, Ekkehard Wende
| The Tax Adviser Verified
Congress enacted the Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022 (CHIPS Act)1 out of concern about the United States’ declining share of global production of semiconductor chips. The act’s purpose was to bolster domestic production of these complex electronic devices that are crucial to everything from personal computers and household appliances to defense systems.
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