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May 1st, 2008
The Last, Best Hope for Tech Investors?
Tech investors searching for the next Texas Instruments (NYSE: TXN) among domestic companies could soon find returns a lot harder to come by.
That's what I get from the remarks made by Semiconductor Industry Association (SIA) President George Scalise recently. Quoting:
Other countries and regions have put in place generous incentives to attract investment, including cash grants, tax holidays, and liberal R&D tax credits ... The U.S. still enjoys a lead in technology, but leadership is not a birthright -- it must be earned through action.
Yet Uncle Sam may as well be on the couch with a bag of Cheetos, the SIA concludes.
Here's why. A tax credit meant to help American companies fund job-creating innovation expired on Dec. 31. Advanced research in fields such as nanoelectronics -- a fancy term for creating really small chips and other tiny devices -- could suffer as a result, the SIA says.
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