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RE: LeoThread 2025-07-02 07:22

in LeoFinance3 months ago

According to Daniel Newman, CEO at tech advisory firm Futurum Group, the threat of Trump's tariffs has created more urgency for semiconductor companies to expand U.S. capacity. If the increased investment tax credits come into law, those onshoring efforts are only expected to accelerate, he told CNBC.

"Given the risk of tariffs, increasing manufacturing in the U.S. remains a key consideration for these large semiconductor companies," Newman said, adding that the tax credits could be seen as an opportunity to offset certain costs related to U.S.-based projects.