Senate Approves $280 Billion Bill to Boost U.S. Science, Chip Production
110 Articles
110 Articles
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…
U.S. Senate passes bill to boost chip manufacturing
The U.S. Senate on Wednesday passed sweeping legislation to subsidize the domestic semiconductor industry, hoping to boost companies as they compete with China and alleviate a persistent shortage that has affected everything from cars, weapons, washing machines and video games. Jayson Albano reports.
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…
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