Exploring Research and Development Tax Credits: Semiconductor Industry
Research and development (R&D) continues to drive the expanding market for semiconductor products in consumer electronics and most other industries. You can address the cost and risk of research and development (R&D) by leveraging available federal, state, and local tax incentives.
Initiatives that may be eligible for R&D tax incentives include:
- Product development in wireless, networking, micro-electro- mechanical systems, radio-frequency identification, memory and other markets
- Process development and integration including advanced lithography, copper interconnects, low k Dielectrics, metal gates, etc.
- 300mm process development and conversion
Whichever credit you explore, you must be prepared to defend reported R&D tax credits. The Deloitte Tax R&D team is a national practice of highly experienced tax professionals specializing in R&D tax incentives, and includes former senior officials with the Internal Revenue Service and Treasury who participated in drafting the legislation and regulations. These specialists can help you identify qualified R&D activities and assemble documentation to defend your claim, based on their extensive knowledge of the law and your industry.
The Deloitte Tax R&D approach includes a customizable tool that helps to automate the computation and information gathering, and a Quality Assurance team that reviews deliverables and computations.
For more information, see the attachment below.