Published July 26, 2022 at 1:36 PM EDT Anna Moneymaker / Getty Images President Biden led a virtual meeting on the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act, on July 25, ahead of the Senate vote. The Senate is one step closer to passing a major piece of legislation aimed at supporting domestic manufacturing of semiconductor chips that power the nation's smartphones, cars, computers, medical equipment and weapons systems. The upper chamber cleared a procedural vote Tuesday morning, teeing up a final vote this week. The CHIPS bill, short for Creating Helpful Incentives to Produce Semiconductors for…