Bolsonaro signs law that extends incentives for semiconductors

President Jair Bolsonaro signed the law extending tax incentives for the semiconductor industry. There was no veto. The text was published in this Monday’s edition, 10, of the Official Gazette of the Union.

The project was approved in December by the National Congress and extends the term of the Program to Support Technological Development of the Semiconductor Industry (Padis) until 2026, which ends this month. The production of items such as chips and LCD and plasma displays is contemplated with tax benefits.

The law also reopens the deadline for submitting new projects, which had ended in July 2020.

According to estimates by the Brazilian Association of the Semiconductor Industry (Abisemi), Brazil produces 10% of its consumption of semiconductor chips.

The new legislation provides that companies can use a financial credit calculated on what they applied in the previous quarter in research, development and innovation.

semiconductors that will benefit from the measures, including copper sheets and aluminum tubes specifically for photovoltaic modules.

One of the sectors most affected by the lack of electronic components is the automobile industry. However, the perception that the worst moment of the parts supply crisis was behind it made Fiat anticipate in December the return of 970 of the 1,800 workers who had been away from production for two months at the Betim plant, in Minas Gerais. .

The president of Stellantis in the region, Antonio Filosa, projected growth of 10% to 12% in the light vehicle market this year, when, he believes, there will be greater balance, although not completely, in the supply of electronic components.

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