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House debuts long-awaited response to Senate's China competition, semiconductor bill

January 27, 2022
Source: cnbc.com cnbc.com
News Snapshot:
The House of Representatives on Tuesday debuted a bill designed to boost U.S. semiconductor manufacturing and competition with China, including $52 billion to support domestic chip research and production. The House bill, called the America Competes Act , is the long-awaited response to the $250 billion bill the Senate passed in June known as the U.S. Innovation and Competition Act. While the House version matches the Senate's sum to spur the domestic production of semiconductors, it cuts out about $200 billion that the Senate included to reinforce U.S. scientific research and technological innovation. "Today, the House takes action to transport...
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