Tag: crucial
-
Long-stalled bill to boost U.S. microchip manufacturing heads for crucial Senate vote
Senate Democrats plan to forge ahead with a test vote Monday on long-stalled legislation intended to jolt the U.S. production of semiconductor chips that are vital for everything from automobiles to washing machines to military weapons systems. Known as “Chips-plus,” the bipartisan bill includes more than $50 billion over the next five years for chip…
-
Taxpayer cash infusion for the semiconductor industry survives crucial test vote in Senate
A bill to boost the nation’s semiconductor business passed a key test vote Tuesday after the Biden administration and industry officials urged Congress to approve legislation that will help counter China’s emerging dominance in producing computer chips. Senate lawmakers voted to begin considering legislation that would provide subsidies and an investment tax credit to U.S.…