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Congress

Senate Passes Bipartisan Bill With $52.7 Billion To Bolster U.S. Semiconductor Manufacturing

By Matthew Beinart

Wednesday, July 27th, 2022

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Senate Passes Bipartisan Bill With $52.7 Billion To Bolster U.S. Semiconductor Manufacturing

Senate Majority Leader Chuck Schumer (D-N.Y.)

The Senate on Wednesday approved a $280 billion bill package with a bipartisan 64 to 33 vote that includes $52.7 billion to bolster domestic semiconductor manufacturing capacity and $200 billion for science and technology efforts aimed at improving competition with China. Following Senate passage, President Biden urged the House to “pass it ASAP,” with the lower chamber likely to consider the compromise legislation as early as Thursday. “I took a moment today to watch the Senate pass the CHIPS and…

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