News Formal

US Senate votes to advance sweeping semiconductor industry bill

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 66%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

WASHINGTON : The U.S. Senate voted 64-32 on Tuesday to advance legislation to boost U.S. semiconductor manufacturing to address concerns about competition with China.The legislation provides about $52 billion in subsidies for U.S. semiconductor production as well as an investment tax credit for chip plant

WASHINGTON : The U.S. Senate voted 64-32 on Tuesday to advance legislation to boost U.S. semiconductor manufacturing to address concerns about competition with China.

The legislation provides about $52 billion in subsidies for U.S. semiconductor production as well as an investment tax credit for chip plants estimated to be worth $24 billion. The Senate is expected to vote on final passage in coming days and the U.S. House could follow suit as soon as later this week.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SK Group US$22 billion US investment to create secure supply chains: White HouseWASHINGTON : New investments by South Korean conglomerate SK Group in the United States announced on Tuesday is an example of successful efforts by the Biden administration to create more resilient and secure supply chains, the White House said on Tuesday. South Korea's second-largest conglomerate was expe
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »