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Congress backs bill to aid US computer chip firms in bid to counter China

July 29, 2022
Source: breakingnews.ie breakingnews.ie
News Snapshot:
US politicians have passed a 280 billion dollars (£230 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 like 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. About two dozen Republicans voted for the legislation. When our families succeed, our economy succeeds! The CHIPS & Science Act will help ensure we ease...
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China Tech Buzz Topics: Beijing | bid | Biden | China | chip | chips | climate change | computer | Congress | credit | development | Economy | ESG | finance | financial | medicine | national security | semiconductor | senate | social media | Taiwan | technology | Twitter | United States | White House

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