Senate approves a sweeping package aimed at boosting domestic production of computer chips and helping the U.S. stay competitive with China.
Senate Majority Leader Chuck Schumer speaks Tuesday after the Senate advanced a $280 billion bill designed to boost the U.S. semiconductor industry and to accelerate high-tech research.WASHINGTON — The Senate on Wednesday approved a sweeping package aimed at boosting domestic production of computer chips and helping the United States stay competitive with China.
"Are we on the brink of another generation of American ingenuity, of American discovery, of American leadership? By passing our chips and science bill today, the Senate says, ‘Yes, we are,’ and in a loud bipartisan voice," Senate Majority Leader Chuck Schumer, D-N.Y., said on the floor before the vote."Today, by approving one of the largest investments in science, technology and manufacturing in decades — in decades — we say that America’s best years are yet to come.
Supporters on Capitol Hill, as well as key members of Biden’s Cabinet, have argued that making microchips at home — rather than relying on chipmakers in China, Taiwan and elsewhere — is critical to U.S. national security, especially when it comes to chips used for weapons and military equipment.
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