OpenAI asked Trump administration to expand Chips Act tax credit to cover data centers
A recent letter from OpenAI reveals more details about how the company is hoping the federal government can support the company’s ambitious plans for data center construction. The letter — from OpenAI’s chief global affairs officer Chris Lehane and addressed to the White House’s director of science and technology policy Michael Kratsios — argued that the government should consider expanding the Advanced Manufacturing Investment Credit (AMIC) beyond semiconductor fabrication to cover electrical grid components, AI servers, and AI data centers. The AMIC is a 35% tax credit that was included in the Biden administration’s Chips Act. “Broadening coverage of the AMIC will lower the effective cost of capital, de-risk early investment, and unlock private capital to help…
