The U.S. House of Representatives on Thursday (28th) passed a bill containing more than $52 billion in semiconductor subsidies and is regarding to reach President Biden’s desk, allowing the bill that has been proposed for more than a year to finally be signed into law.
The House passed the bill, which focuses on domestic semiconductor production and encourages scientific research, by 243 votes in favor to 187 once morest, and is expected to be signed by Biden soon. The full name of the bill is the “Chips and Science Act of 2022”, which includes $52.7 billion in semiconductor subsidies and regarding $200 billion in scientific research funding.
House Speaker Nancy Pelosi said before the vote: “This legislation will be seen as a major victory for American families and the American economy. The introduction of the ‘Chip and Science Act’ will boost my country’s semiconductor chip production and revitalize American manufacturing. industry and create nearly 100,000 high-paying jobs.”
Twenty-four Republicans voted for it at the last minute, despite opposition from party leaders. House Republican leader Kevin McCarthy, who has always been hands-off on the bill, decided to lift it Wednesday evening following Senate Democrats unexpectedly reached a deal on a $369 billion climate change bill opposed by Republicans Against the banner.
In addition to subsidizing advanced semiconductor manufacturing in the United States, the chip bill will also provide funding to encourage scientific research, employee training and the development of 5G wireless networks.
The bill contains proposals from lawmakers across the party. For example, Texas Republican Representative Michael McCaul and California Democrat Doris Matsui have advocated funding subsidies for semiconductors to set up fabs in the United States, as well as with scientific committee proposals and other measures. integrated together.
McCall advocates that the chip bill is an important piece of legislation related to national security and can help the United States counter China.