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Technical Line - A closer look at how to account for government assistance received under the CHIPS Act

9 Nov 2023 PDF
Subject AccountingLink
Topics Income taxes
Publications Technical Line

Overview

Our Technical Line discusses the semiconductor provisions of the CHIPS Act, and the related recognition, measurement and presentation guidance for the various types of assistance. Entities need to remain alert to ongoing developments related to the CHIPS Act and carefully consider the eligibility requirements in order to appropriately apply the accounting guidance.

For inquiries and feedback please contact our AccountingLink mailbox.