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WASHINGTON (Reuters) - A group of U.S. senators are close to unveiling a $52-billion proposal Friday that would significantly boost U.S. semiconductor chip production and research over five years sources briefed on the matter said.
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Senators Mark Kelly, John Cornyn, Mark Warner and Tom Cotton have been negotiating a compromise measure to address the issue in the face of rising Chinese semiconductor production and shortages impacting automakers and other U.S. industries.
A spokesman for Cornyn said the senator has “not signed on to a semiconductor amendment.”
Sources said there remains at least one sticking point over whether to include a provision on labor rates.
A group of U.S. senators are close to unveiling a $52-billion proposal Friday that would significantly boost U.S. semiconductor chip production and research over five years sources briefed on the matter said.
U.S. senators close to announcing $52 billion chips funding deal Autoblog 2 hrs ago Reuters
A group of U.S. senators are close to unveiling a $52-billion proposal Friday that would significantly boost U.S. semiconductor chip production and research over five years sources briefed on the matter said.
Senators Mark Kelly, John Cornyn, Mark Warner and Tom Cotton have been negotiating a compromise measure to address the issue in the face of rising Chinese semiconductor production and shortages impacting automakers and other U.S. industries.
A spokesman for Cornyn said the senator has not signed on to a semiconductor amendment.
Senators near chip deal autoblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoblog.com Daily Mail and Mail on Sunday newspapers.
Apple Inc (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG) - US Senators On The Verge Of A $52B Chip Funding Deal Announcement: Reuters benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.