Apple lobbies for lower taxes to boost US chip production

Apple’s recent lobbying coincides with a push by the company and its partners to move some production away from China and even back to the United States in a few cases. — AFP

Apple Inc has been lobbying the US government on tax breaks to support domestic chip production, suggesting the iPhone maker is keen to move more of its supply chain to the United States.

In second- and third-quarter disclosure reports, the company said it lobbied officials from the US Treasury Department, Congress and the White House on tax topics including "issues related to tax credits for domestic semiconductor production.”