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Chipmakers get larger tax credits in Trump’s latest ‘big beautiful bill’

The latest version of U.S. President Donald Trump's "big beautiful bill" could make it cheaper for semiconductor manufacturers to build plants in the U.S. as Washington continues its efforts to strengthen its domestic chip supply chain. Under the bill, passed by the Senate Tuesday, tax credits for those semiconductor firms would rise to 35% from 25%. That's more than the 30% increase that had made it into a draft version of the bill. Companies eligible for the credits could include chipmakers

Moratorium on state AI regulation clears Senate hurdle

A Republican effort to prevent states from enforcing their own AI regulations cleared a key procedural hurdle on Saturday. The rule, as reportedly rewritten by Senate Commerce Chair Ted Cruz in an attempt to comply with budgetary rules, would withhold federal broadband funding from states if they try to enforce AI regulations in the next 10 years. And the rewrite seems to have passed muster, with the Senate Parliamentarian now ruling that the provision is not subject to the so-called Byrd rule