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Chipmakers Get $52 Billion in Senate Bill in Big Win for Biden

  • Legislation now heads to House for passage likely this week
  • Semiconductor industry views incentives as vital to expansion
Semiconductor chips.

Semiconductor chips.

Photographer: Jens Schlueter/AFP/Getty Images

The Senate on Wednesday passed legislation that includes $52 billion in grants and incentives for US semiconductor manufacturing, an industry that has steadily lost ground to foreign competitors in recent years. 

The 64 to 33 vote comes after more than a year of debate and marks a major legislative victory for President Joe Biden, whose agenda has largely stalled in the Senate, where 60 votes are required to pass most legislation.