U.S. to invest $52 billion for manufacturing, R&D of computer chips May 18, 2021
WASHINGTON D.C.: In response to the shortage of semiconductor chips, which has temporarily closed some U.S. auto plants, news reports late last week said the U.S. Senate was developing a $52 billion proposal to boost U.S. semiconductor research and chip production.
U.S. Senators Mark Kelly, John Cornyn, Mark Warner and Tom Cotton have been negotiating the proposed bill.
If it goes as planned, the chip funding package could be included in a bill the Senate will take up this week, which will include more than $110 billion in basic U.S. and advanced technology research to compete with China.
U S to boost manufacturing of chips to lessen Chinese influence
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U S to boost manufacturing of chips to lessen Chinese influence
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Exclusive: U.S. senators close to announcing $52 billion chips funding deal - sources
Reuters | May 14, 2021 11:26 PM EDT
An Intel Tiger Lake chip is displayed at an Intel news conference during the 2020 CES in Las Vegas, Nevada, U.S. (Photo : REUTERS/Steve Marcus/File Photo)
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.