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...
