Senate passes bill to boost computer chip production in the U.S. | WGN Radio 720

Washington (AP) — Senator on Wednesday a bill designed to encourage more semiconductor companies to build chip factories in the United States as lawmakers competed to finish work on Biden’s key priorities Passed through.

The $ 280 billion bill awaiting a House vote includes federal grants and tax incentives for companies building chip facilities in the United States. It will be economically competitive in the coming decades.

The Senate passage came with 64-33 votes. A House vote is scheduled for later this week as lawmakers try to put the business together before returning to their home states and districts in August. Speaker of the House Nancy Pelosi (D-Calif.) Supports Republicans enough to overcome potential asylum from the Democratic Party, which sees subsidy efforts to boost semiconductor companies as a false priority. He said he was confident that there was.

Proponents of the law say other countries are spending billions of dollars to seduce chipmakers. Proponents say the United States must do the same. Otherwise, you run the risk of losing a secure supply of semiconductors that power automobiles, computers, appliances, and the military’s state-of-the-art weapons systems.

Senate Majority Leader Chuck Schumer, DN.Y. “The bill has been one of the country’s largest investments in science and manufacturing in decades, and with Senate approval,” says America’s best year hasn’t come yet. “

Opponents were critical of the bill’s price tag. The federal deficit is projected to grow by about $ 79 billion over a decade.

President Joe Biden said the bill would create jobs for a wide range of products, from cars to dishwashers, and reduce costs.

“For decades, some’experts’ have said they need to give up manufacturing in the United States. I could not believe it. The manufacturing job is back, “Biden said. “Thanks to this bill, I can get more. The house should hand it over immediately and send this invoice to my desk.”

The bill has been in progress for many years, beginning with the efforts of Schumaer and Senator Todd Young, Indiana, to increase government investment in high-tech R & D. There were some twists and turns in the bill, but one of the themes that lawmakers repeatedly emphasized in Wednesday’s debate was the need to keep up with China’s huge investment in high-tech.

The Chinese government is planning to “win the (artificial intelligence) race, win the war of the future, win the future,” Young said. “And the truth is that if we are honest with ourselves, Beijing is on track to reach these goals.”

Senator Roger Wicker of R-Miss said: China is. Congress now “has a chance to put us back in the right direction and put America back in the game,” he said.

Senate passes bill to boost computer chip production in the U.S. | WGN Radio 720

Source link Senate passes bill to boost computer chip production in the U.S. | WGN Radio 720

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