Chipmakers Get $52 Billion in Senate Bill
The bill is expected to pass the House later this week and then move to Biden’s desk for his signature. It also includes funding for 5G technology.
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The bill is expected to pass the House later this week and then move to Biden’s desk for his signature. It also includes funding for 5G technology.
Mitch McConnell recently threatened to derail a bill on domestic production of computer chips and scientific research. Today, it passed anyway.
From Bloomberg: The Senate on Wednesday, July 27, passed legislation that includes in grants and incentives for U.S. semiconductor manufacturing, an industry that has steadily lost ground to foreign competitors in recent years. The 64 to 33 vote comes after more than a year of debate and marks a major legislative victory for President Joe Biden.
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