Chips Bill Gains Steam in Senate Despite Last-Minute Lobbying

  • Senators still ‘hashing out’ details before a procedural vote
  • Bill provides incentives for US semiconductor manufacturing
WATCH: The Senate is attempting to quickly pass $52 billion in grants and incentives for US chipmakers. Emily Wilkins has the details.Source: Bloomberg
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A drive in the Senate to quickly pass $52 billion in grants and incentives for US semiconductor manufacturing picked up steam in Congress despite last-minute lobbying for changes.

Senate Majority Leader Chuck Schumer said Monday that Democrats and Republicans were “hashing out the final details on a bill so we can move forward this week.”