24.96 F
March 20, 2023
Image default
Business Politics

US Senate passes bill to boost domestic semiconductor manufacturing

Published by

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…

Read More

Related posts

Wall Street downplays worries in wishful start to 2022


PlayStation 5 console sells out in Japan


U.S. Congress Democrats grill Big Oil in climate deception probe


Fifth New York prosecutor declines sex harassment charges against ex-Governor Andrew Cuomo


7 Proven Tips To Buying a Business Post-Pandemic


Ukraine reports Russian attacks from multiple directions


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: