Close Menu
  • Home
  • Aerospace & Defense
    • Automation & Process Control
      • Automotive & Transportation
  • Banking & Finance
    • Chemicals & Materials
    • Consumer Goods & Services
  • Economy
    • Electronics & Semiconductor
  • Energy & Resources
    • Food & Beverage
    • Hospitality & Tourism
    • Information Technology
  • Agriculture
What's Hot

Opening “Pandora’s Box”: What would happen if the US attacked Venezuela? |Donald Trump News

Herts farmers move forward with ground-breaking nature recovery plan

NFU: secure viable EU SPS deal or risk disrupting UK food production

Facebook X (Twitter) Instagram
USA Business Watch – Insightful News on Economy, Finance, Politics & Industry
  • Home
  • Aerospace & Defense
    • Automation & Process Control
      • Automotive & Transportation
  • Banking & Finance
    • Chemicals & Materials
    • Consumer Goods & Services
  • Economy
    • Electronics & Semiconductor
  • Energy & Resources
    • Food & Beverage
    • Hospitality & Tourism
    • Information Technology
  • Agriculture
  • Home
  • About Us
  • Advertise With Us
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
USA Business Watch – Insightful News on Economy, Finance, Politics & Industry
Home » OpenAI asks Trump administration to expand Chip Act tax credits for data centers
Information Technology

OpenAI asks Trump administration to expand Chip Act tax credits for data centers

Bussiness InsightsBy Bussiness InsightsNovember 8, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link Telegram LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


A recent letter from OpenAI provides further details about how the company hopes the federal government can support its ambitious plans to build data centers.

The letter, from Chris Lehane, chief global affairs officer at OpenAI, to Michael Kratsios, director of the White House Office of Science and Technology Policy, argues that the government should consider expanding the Advanced Manufacturing Investment Credit (AMIC) beyond semiconductor manufacturing to include power grid components, AI servers, and AI data centers.

AMIC is a 35% tax credit included in the Biden administration’s tipping law.

“Expanding the scope of AMIC will lower the effective cost of capital, reduce initial investment risk, reduce bottlenecks, and leverage private capital to accelerate the buildout of AI in the United States,” Lehane wrote.

OpenAI’s letter also called on governments to accelerate the permitting and environmental review process for these projects and to create a strategic stockpile of raw materials (such as copper, aluminum, and processed rare earth minerals) needed to build AI infrastructure.

The company first released the letter on Oct. 27, but it didn’t receive much media attention until this week, when comments from OpenAI executives sparked broader discussion about what the company wanted from the Trump administration.

At a Wall Street Journal event on Wednesday, Chief Financial Officer Sarah Fryer said the government should “backstop” OpenAI’s infrastructure financing, but later posted on LinkedIn that “OpenAI is not seeking a government backstop for infrastructure. I used the word ‘backstop’ and missed the point.”

tech crunch event

san francisco
|
October 13-15, 2026

CEO Sam Altman echoed this sentiment, writing that OpenAI “does not have and does not desire government guarantees for OpenAI data centers.”

He said the company had discussed loan guarantees “as part of our support for building semiconductor factories in the United States,” but wrote that he “believes that the government should not choose winners and losers, and that taxpayers should not bail out companies that make poor business decisions or lose money in the marketplace.”

In the same post, Altman wrote that the company expects to have an “annual revenue run rate of over $20 billion by the end of 2025, growing to hundreds of billions of dollars by 2030,” and said OpenAI has committed $1.4 trillion in capital over the next eight years.



Source link

Follow on Google News Follow on Flipboard
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link
Previous ArticleTanzania arrests opposition leader as hundreds charged with treason | Protest News
Next Article Danish government aims to ban children under 15 from accessing social media
Bussiness Insights
  • Website

Related Posts

Scale AI competitor Micro1 touts over $100M ARR

December 5, 2025

Apple’s management reorganization continues with resignations of general counsel and policy chief

December 5, 2025

AI makes its way into Apple’s top apps of the year

December 4, 2025
Leave A Reply Cancel Reply

Latest Posts

Herts farmers move forward with ground-breaking nature recovery plan

NFU: secure viable EU SPS deal or risk disrupting UK food production

NFU urges families to choose locally grown turkey as farm sales soar

EFRA Chair: IHT changes could ‘dismantle farms’ and hit UK food security

Latest Posts

Airbus just lowered its A320 delivery guidance. Here’s why:

December 3, 2025

Delta Air Lines says it has incurred a $200 million loss due to flight suspensions, but expects strong demand

December 3, 2025

How black boxes became the key to solving plane crashes

November 30, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Opening “Pandora’s Box”: What would happen if the US attacked Venezuela? |Donald Trump News
  • Herts farmers move forward with ground-breaking nature recovery plan
  • NFU: secure viable EU SPS deal or risk disrupting UK food production
  • Pakistan seeks a new South Asian region that excludes India: Will it work? |India-Pakistan tension news
  • NFU urges families to choose locally grown turkey as farm sales soar

Recent Comments

  1. Cecila Mealmaker on Connect category management to the shopper experience
  2. Jimmie Tennyson on Connect category management to the shopper experience
  3. Shantell Fenstermacher on Connect category management to the shopper experience
  4. Kathrin Baddeley on Connect category management to the shopper experience
  5. Larryeruri on Hundreds gather in Barcelona to protest overtourism in southern Europe

Welcome to USA Business Watch – your trusted source for real-time insights, in-depth analysis, and industry trends across the American and global business landscape.

At USABusinessWatch.com, we aim to inform decision-makers, professionals, entrepreneurs, and curious minds with credible news and expert commentary across key sectors that shape the economy and society.

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • March 2022
  • January 2021

Categories

  • Aerospace & Defense
  • Agriculture
  • Automation & Process Control
  • Automotive & Transportation
  • Banking & Finance
  • Chemicals & Materials
  • Consumer Goods & Services
  • Economy
  • Economy
  • Electronics & Semiconductor
  • Energy & Resources
  • Food & Beverage
  • Hospitality & Tourism
  • Information Technology
  • Political
Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 usabusinesswatch. Designed by usabusinesswatch.

Type above and press Enter to search. Press Esc to cancel.