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US chip subsidy effort faces pushback over China issues

WASHINGTON: A series of amendments for a US$190 billion U.S. Senate bill aimed at countering China's technology challenge are in limbo after .

United statesMichael martinaStephen nellisMarco rubioDavid shepardsonRichard changBob caseyJohn murphyMike crapoJohn cornynSenate majority leader chuck schumerUs senateSenate finance committeeChinese communist partyTaiwan semiconductor manufacturing coUs chamber

U S chip subsidy effort faces pushback over China issues

U.S. chip subsidy effort faces pushback over China issues Reuters 1 hr ago © Reuters/Pichi Chuang A 12-inch wafer is seen at Taiwan Semiconductor Manufacturing Co. in Hsinchu By Stephen Nellis, David Shepardson and Michael Martina Popular Searches WASHINGTON (Reuters) - A series of amendments for a $190 billion U.S. Senate bill aimed at countering China s technology challenge are in limbo after business groups protested proposals intended to ensure that none of the money finds its way to China or other U.S. rivals. New regulations or reviews of investments or deals in China could disrupt U.S. businesses future operations in that country, which include semiconductors and medical equipment. The bilateral trade deficit has run more than $100 billion a year since 2002.

United statesMichael martinaStephen nellisMarco rubioDavid shepardsonRichard changBob caseyJohn murphyMike crapoPichi chuangJohn cornynSenate majority leader chuck schumerUs senateSenate finance committeeChinese communist partyTaiwan semiconductor manufacturing co

U S Senate panel advances EV tax credit of up to $12,500 - Netscape Money & Business

U.S. Senate panel advances EV tax credit of up to $12,500 By David Shepardson Reuters WASHINGTON (Reuters) - The U.S. Senate Finance Committee advanced legislation on Wednesday that would boost electric vehicle tax credits to as much as $12,500 for EVs that are assembled by union workers in the United States. The bill would limit tax credits to vehicles with a retail price below $80,000 to qualify for the tax credits. The current maximum tax credit is $7,500 with no maximum price and currently phases out for individual automakers once they hit 200,000 total EVs sold. Both General Motors and Tesla have hit the cap and currently do not qualify for the $7,500 tax credit.

United statesDavid shepardsonDebbie stabenowJoe bidenJohn cornynUs senateUs senate finance committeeClean energy for americaFord motorFinance committeeGeneral motorsSenator debbie stabenowMichigan democratAuto workers president rory gamblePresident bidenRepublican senator john cornyn

US Senate panel advances EV tax credit of up to $12,500

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United statesDavid shepardsonDebbie stabenowJoe bidenJohn cornynUs senate finance committeeClean energy for americaFord motorFinance committeeGeneral motorsSenator debbie stabenowMichigan democratAuto workers president rory gamblePresident bidenRepublican senator john cornynLincoln feast

U S chip subsidy effort faces pushback over China issues

U S chip subsidy effort faces pushback over China issues
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United statesMichael martinaStephen nellisMarco rubioDavid shepardsonRichard changBob caseyJohn murphyMike crapoJohn cornynSenate majority leader chuck schumerUs senateSenate finance committeeChinese communist partyTaiwan semiconductor manufacturing coUs chamber