I 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.
A bill that would earmark billions in federal funds to boost U.S. semiconductor production amid a nationwide chip shortage passed a key Senate vote Tuesday morning, possibly clearing the way for the legislation to pass through the chamber and on to the House.in the U.S. Capitol on Tuesday, July 19, 2022.
It also features a 25% tax credit for U.S. semiconductor manufacturing investments, and $1.5 billion set aside for developing technology to help U.S. firms wean off their dependence on foreign telecommunications equipment.earlier this month if Democrats continued to pursue unrelated efforts to pass a package to fund their climate, tax and prescription drug priorities.
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Abortion ban advances to Senate on Day 2 of Indiana's special sessionA proposal that would ban abortions except in cases of rape, incest and when the mother's life is at risk moved closer to becoming law on Tuesday.
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Senate Postpones Key Vote on Bill to Fund U.S.-Made Computer Chips Due to ThunderstormsThe Senate is rushing this week to pass bipartisan legislation that aims to strengthen U.S. competitiveness with China by allocating tens of billions of dollars toward domestic semiconductor manufacturing.
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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.
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Chip funding bill clears key Senate hurdleAfter likely formal passage later this week, the bill will go the House, which already passed a substantially different bill.
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