Apple Lobbies for Lower Taxes to Boost U.S. Chip Production
- Apple, partners have been looking to diversify supply chains
- Lobbying coincides with push to revive domestic chip industry
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Apple Inc. has been lobbying the U.S. government on tax breaks to support domestic chip production, suggesting the iPhone maker is keen to move more of its supply chain to the U.S.
In second- and third-quarter disclosure reports, the company said it lobbied officials from the Treasury Department, Congress and the White House on tax topics including “issues related to tax credits for domestic semiconductor production.”