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U.S. Senate votes to advance sweeping semiconductor industry bill

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U.S. Senate voted 64-32 on Tuesday to advance legislation providing about $52-billion in government subsidies for U.S. semiconductor production

The U.S. Senate voted 64-32 on Tuesday to advance legislation to dramatically boost U.S. semiconductor manufacturing in a bid to make the domestic industry more competitive with China.

President Joe Biden and others have cast the issue in national security terms, saying it is essential to ensure U.S. production of chips that are crucial to a wide range of consumer goods and military equipment. “The pandemic made clear with unforgiving clarity how America’s chip shortage was creating a crisis,” the Senate’s Democratic majority leader, Chuck Schumer said before the vote.

 

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