Members of Congress will meet Thursday to open negotiations on a compromise measure that would fund $52 billion in semiconductor manufacturing subsidies and boost U.S. competitiveness with Chinese technology, a source told Reuters.
The Senate passed its version of the bill in June 2021, while the House passed a similar bill in February. More than 100 House and Senate lawmakers have been named to a "conference committee" that will meet for the first time Thursday. Congressional aides said it could still take months before a final agreement is reached.
Warner said some major investments in new U.S. chip production could be jeopardized without action from Congress. Although the motions were not binding, they convey a sense of what senators would like to see in the final bill and what could keep it from getting enough votes to become law.
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