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House Approves $52 Billion Bill to Help Chip Manufacturers

  • Passage follows more than a year of wrangling on tech bill
  • Supporters say aid will fortify supply chains, US industry
Nancy Pelosi
Nancy PelosiPhotographer: Sarah Silbiger/Bloomberg

The US House of Representatives passed a bill that includes $52 billion in grants and incentives for domestic semiconductor manufacturing, sending it to President Joe Biden for his signature and delivering a win for his administration more than a year after legislation was first introduced in Congress.

“This legislation is a major victory for American families and the American economy,” House Speaker Nancy Pelosi said in a statement before the vote. “Once enacted, the Chips and Science Act will bolster our nation’s production of semiconductor chips -- reinvigorating American manufacturing and creating nearly 100,000 good-paying, union jobs.”