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Congress Weighs Countering China on Chips, But GOP Wary of Cost

  • Republicans cite worries about Schumer package’s price tag
  • Proposal likely to include funding to address chip shortage
Chuck Schumer

Chuck Schumer

Photographer: Jonathan Ernst/Reuters/Bloomberg

Updated on

Republicans in Congress say they’re willing to work with Senate Majority Leader Chuck Schumer to counter China’s economic clout and address a global shortage of semiconductors, but the price tag of a Democratic-led proposal may drive away GOP support.

Schumer and Republicans have been discussing proposals to fund semiconductor research and development, as well as science and technology to compete with the government subsidies that Beijing offers its companies. Yet Republicans have been wary that the final proposal could end up costing a lot more than anticipated.