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August 18, 2022
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Business Politics

US Senate passes bill to boost domestic semiconductor manufacturing

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Washington (AFP) – The US Senate passed a bill on Wednesday to boost domestic production of semiconductors amid shortages of the microchips that power everything from smartphones to cars to weapons. The legislation, which now goes back to the House of Representatives for final passage, provides $52 billion to increase domestic semiconductor production and more than $100 billion over five years for research and development. The CHIPS Act was passed in the Senate by a rare bipartisan vote of 64 to 33 with 17 Republicans joining hands with Democrats. President Joe Biden welcomed Senate passage of…

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