U.S. Senate Approves $52 Billion Chips Bill In Bid To Reach Compromise

Posted on AllSides March 29th, 2022
From The Center

The U.S. Senate on Monday again approved a bill to provide $52 billion in U.S. subsidies for semiconductor chips manufacturing in a bid to reach a compromise after months of discussions.

The 68-28 procedural vote sends the legislation back to the House of Representatives in a cumbersome process to ultimately launch a formal process known as a "conference" where lawmakers from both chambers will seek agreement on a compromise version.

A persistent industry-wide shortage of chips has disrupted production in the automotive and electronics industries, forcing some firms to scale...

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International Business Times

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