Senate advances more than $50 billion bill to boost U.S. semiconductor production

Senate advances more than $50 billion bill to boost U.S. semiconductor production

• The Senate on Tuesday voted to advance a slimmed-down version of its bill designed to boost U.S. semiconductor competition with China.
• The legislation, which would provide about $50 billion in subsidies to bolster U.S. computer chip manufacturing, is a multifaceted bipartisan effort.
• But the current legislation comes more than one year after the Senate first approved a $250 billion bill to reinforce U.S. chipmaking to compete with China.

https://www.cnbc.com/2022/07/20/chips-act-vote-senate-advances-semiconductor-bill.html