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To compete with China, the US Senate tries to pass computer chip bill once more

July 20, 2022
Source: apdirect.in apdirect.in
News Snapshot:
Over a year after passing its first version of a bill boosting semiconductor competition with China , the US Senate was due to vote on a slimmed-down version of legislation to provide more than $50 billion in subsidies for the computer chip industry. The Senate 's Democratic majority leader, Chuck Schumer , announced that the first procedural vote would take place, calling US semiconductor manufacturing a matter of national security as well as a source of jobs. Senate aides said the goal is to pass the bill by early next week. That would send the bill to the House of...
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