Among the benefits, the bill provides about $52 billion in grants and other incentives for the semiconductor industry as well as a 25% tax credit for companies building chip plants in the U.S.
WASHINGTON — The Senate on Tuesday advanced a $280 billion bill designed to boost the semiconductor industry in the United States and to accelerate high tech research that backers say will be critical to the economy in future decades.
The Biden administration maintains that the U.S. is not in a recession, but public opinion of the state of the economy is at a low. The Congressional Budget Office has projected that the bill would increase deficits by about $79 billion over 10 years. Critics have objected to the spending called for in the bill either as misplaced or excessive.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Senate Advances Bill To Boost U.S. Microchip Production—Here’s What’s In ItI am a Texas native covering breaking news out of New York City. I was previously an editorial assistant at the Forbes London bureau. Follow me on Twitter reporterfield.
Weiterlesen »
Senate passes bill to boost computer chip production in USThe Senate has passed a bill that's designed to encourage more semiconductor companies to build chip plants in the United States
Weiterlesen »
Senate passes bill to boost computer chip production in USWASHINGTON (AP) — A bill designed to encourage more semiconductor companies to build chip plants in the United States passed the Senate on Wednesday as lawmakers raced to finish work on a key priority of the Biden administration.
Weiterlesen »
Bill to Boost U.S. Chip Production and Competition With China Clears Key Senate HurdleThe CHIPS-plus bill includes roughly $52 billion in funding for U.S. companies producing computer chips, among other provisions.
Weiterlesen »
Senate Approves $280 Billion Bill to Boost U.S. Science, Chip ProductionHouse Speaker Nancy Pelosi has promised quick action on the CHIPS and Science Act of 2022, which dedicates public money to fostering a domestic semiconductor industry.
Weiterlesen »