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Semiconductor Funding Bill Is Likely to Survive McConnell Threat

  • Popular chips funding has paths to law Democrats can use
  • Biden tax, climate, drug bill also moving closer to deal
Senate Republican leader Mitch McConnell

Senate Republican leader Mitch McConnell

Photographer: Samuel Corum/Bloomberg

A $52 billion package of incentives and subsidies to bolster US semiconductor manufacturing is far from dead, despite Senate Republican leader Mitch McConnell’s threat to scuttle the legislation containing it in order to stall passage of President Joe Biden’s economic plan.

Democrats have multiple paths to get the chips money, which has broad bipartisan support, through Congress.