The US House of Representatives has announced a bill to promote US research and development (R & D) and support the domestic semiconductor industry to strengthen its competitiveness once morest China. Aim to negotiate with the Senate to finalize the bill by the end of the year.
“The main component of this bill has already passed the House with an overwhelming bipartisan vote. We look forward to discussing this bill with the Senate and submitting it to the President as soon as possible,” said Speaker of the House Pelosi. “.
thisbillHas become a priority for the Biden administration, especially with the inclusion of nearly $ 52 billion in subsidies and incentives to the semiconductor industry once morest the backdrop of a global semiconductor shortage. ..
President Biden said on the night of the 25th, “I am encouraged by the bipartisan work so far and the promise to act swiftly to submit to me as soon as possible.”
SenateHas been stagnant since it passed a similar bill last June. Two House committees had approved separate bills with similar elements, but they were not unified.
news-rsf-original-reference paywall">Original title:
news-rsf-original-reference paywall">House Unveils China, Chips Bill, Paving Way for Senate Deal (1)(excerpt)
