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Congress OKs bill to aid computer chip firms, counter China – Redlands Daily Facts

July 29, 2022
Source: redlandsdailyfacts.com redlandsdailyfacts.com
News Snapshot:
By KEVIN FREKING | Associated Press WASHINGTON — 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 US and help it better compete with international rivals, namely China. “Today, the House passed a bill that will make cars cheaper, appliances cheaper, and computers cheaper,” Biden said. “It will lower the costs of every day goods. And it will create high-paying manufacturing jobs across the country and strengthen U.S. leadership in the industries of the future at the same time.” Republicans argued the...
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