Taiwanese lawmakers pass rules letting domestic chip companies convert 25% of their annual R&D expenses into tax credits; TSMC’s stock rises 4%+ (Debby Wu/Bloomberg)

Taiwanese lawmakers pass rules letting domestic chip companies convert 25% of their annual R&D expenses into tax credits; TSMC’s stock rises 4%+ (Debby Wu/Bloomberg)

Debby Wu / Bloomberg:
Taiwanese lawmakers pass rules letting domestic chip companies convert 25% of their annual R&D expenses into tax credits; TSMC’s stock rises 4%+  —  Taiwanese lawmakers have passed new rules that let local chip firms turn 25% of their annual research and development expenses into tax credits …