GSTX unit QSM USA wins up to USD 14.999831 million California sales tax exclusion
Bitget2026/09/25 12:36- Graphene & Solar Technologies’ unit QSM USA secured a California sales and use tax exclusion of up to USD 15 million.
- Incentive covers up to USD 176.47 million of qualified property for planned silicon wafer manufacturing operations in California.
- Tax break aims to lower capital costs as QSM USA advances a Southern California wafer plant targeting 10-gigawatt annual capacity.
- Initial production is targeted for mid-2027, subject to execution of a regulatory agreement and ongoing program compliance.
- Approval follows QSM USA’s previously announced USD 45 million California Competes Tax Credit tied to investment and hiring milestones.
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