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Senate Approves $280 Billion Bill to Boost U.S. Science, Chip Production

Summary by Ground News

The $280 billion measure, which awaits a House vote, includes federal grants and tax breaks for companies that construct their chip facilities in the U.S. It is projected to increase federal deficits by about $79 billion over 10 years. The House vote is expected later this week as lawmakers try to wrap up business before returning to their home states.

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Alabama Today

Senate passes bill to boost computer chip production in U.S.

A bill designed to encourage more semiconductor companies to build chip plantsin the United States passed the Senate on Wednesday as lawmakers raced to finish work on a key priority of the Biden administration.The $280 billion measure, which awaits a House vote, includes federal grants and tax breaks for companies that construct their chip facilities in the U.S. The legislation also directs Congress to significantly increase spending on high-tec…

3 years ago·Alabama, United States

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The Hindu

U.S. Senate passes bill to boost chip manufacturing, compete with China

The House of Representatives is expected to approve it as soon as later this week, which would send it to the White House for President Joe Biden to sign into law

3 years ago·India

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Pittsburgh Post-Gazette

Senate passes bill to boost computer chip production in U.S.

The Senate has passed a bill that's designed to encourage more semiconductor companies to build chip plants in the United States

3 years ago·Pittsburgh, United States

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WFLA-TV

Senate hopes to boost semiconductor industry with bipartisan bill

The semiconductor industry is about to get a multi-billion dollar boost. Legislation to invest in semiconductors passed the Senate on Wednesday with bipartisan support and it’s expected to pa…

3 years ago·Tampa, United States

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