Senate China Bill to Add $52 Billion for U.S. Chip Making
- Deal on funding helps clear way for legislation in chamber
- Package aims to bolster U.S. competitiveness with China
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The Senate will include $52 billion to bolster domestic semiconductor manufacturing in a broader bill to enhance U.S. competitiveness with China, Senate Majority Leader Chuck Schumer said.
Schumer on Tuesday called the move “a historic and immediate infusion of federal money” to restore U.S. manufacturing of semiconductors that are crucial to the automobile and electronics industries as well as the military.