A bipartisan bill subsidizing domestic semiconductor production cleared its first procedural hurdle in the Senate, as details of the legislation are still being worked out
Semiconductor manufacturers Samsung, Intel and Texas Instruments recently announced plans for new chip factories in the U.S. WSJ’s Rob Copeland visits Central Texas to learn why Samsung is moving to the region and what this type of reshoring could mean for the American economy. Photo Illustration: Adele Morgan.subsidizing domestic semiconductor production
cleared its first procedural hurdle on Tuesday in a 64-34 vote, even as the details of the legislation are still being worked out. The legislation would provide roughly $52 billion in subsidies to encourage chip companies to boost production in the U.S., seen by the White House and leaders of both parties as a critical national-security need. Lawmakers worked until late Tuesday to negotiate other elements in the larger competitiveness package, dubbed USICA.
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