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From around the world, something that the president said jeopardizes boast u.s. economic as well as national security. so this bill aims to inject $280 billion into the u.s. semiconductor and scientific research industry broadly with $52 billion of subsidies and tax credits for the chip manufacturing and research in particular as well as $170 billion broadly for scientific research, innovation, and space exploration. and the president said that he hopes that future generations will look back on this moment, a bipartisan bill signed into law by president biden and that they will say that this a...

Plan and established semiconductor self—sufficiency strategy called made in china 2025. the targets were expended in 2019, my fear is the us bill is too little too late nevertheless the us bill in the 43 billion euro chips act could be seen as more of a response to china or at least part of the growing dispute, another port and element of the us chips act is not only attracting investment to the us but tries to divert investment away from china, the $52 billion in subsidies has significant strings intact, beneficiaries will be prevented for ten years building manufacturing capacity in china ...

Joe biden set to celebrate another big legislative win as soon as this week. congress finally passed bipartisan legislation to boost semiconductor production here in the u.s., and overall increase american competitiveness. it including $52 billion to incentivize companies to invest in domestic manufacturing plants, billions in funding for research and development. joining me now, congresswoman johnson, democrat from texas, who chairs the science, space and technology committee. thank you for taking the time this morning. >> thank you for the opportunity. >> so this is a rare piece of legislati...

Made, about the size of 6 football fields, the process of sensitive, a single human hair could gum up the works, even the light has to be controlled. >> any exposure to ambient light will have a negative light on our manufacturing. >> the chips go into everything, cars, computers, video games, communication technology, defense initially. >> we are at half a trillion right now, our semiconductor industry. and survive estimates by 2030, we will be a trillion. the -- >> a trillion? >> it's zillion dollar industry we will double between now and 2030. >> they are investing 52 billion dollars in sem...

The -- >> a trillion? >> it's trillion dollar industry we will double between now and 2030. >> they are investing 52 billion dollars in semi conductor production here at home. 18 states now produce chips and benefit from the funding. global foundry started producing chips here in 2012. new york state kicked in 2 billion dollars to help the producing chips here in 2012. new york state kicked in 2 billion dollars to help the company secure another 13 billion to build a plant, today employing 3000 employees with a median salary, says the company, of 90,000 dollars, at just this one plant, the exp...