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Congress OKs bill to aid computer chip firms, counter China 97OKK

July 29, 2022
Source: 97okk.com 97okk.com
News Snapshot:
The House on Thursday passed a $280 billion package to boost the semiconductor industry and scientific research in a bid to create more high-tech jobs in the United States and help it better compete with international rivals, namely China. The House approved the bill by a solid margin of 243-187, sending the measure to President Joe Biden to be signed into law and providing the White House with a major domestic policy victory. Twenty-four Republicans voted for the legislation. “Today, the House passed a bill that will make cars cheaper, appliances cheaper, and computers cheaper,” Biden said. “It will lower...
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Tags: appliances | Beijing | bid | Biden | China | Chinese | chip | chips | climate change | computer | Congress | copyright | Economy | ESG | finance | manufacturing | medicine | national security | semiconductor | senate | supply chain | Taiwan | technology | United States | White House

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