Steve July 27, 2022
senate-passes-bill-to-boost-us-computer-chip-production

The bill, which still needs a House vote, includes federal grants and tax breaks for companies that construct their chip facilities in the U.S., WASHINGTON (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. The $280 billion measure, which currently awaits a House vote, includes federal grants and tax breaks for companies that construct their chip facilities in the U.S. The legislation also directs Congress to significantly increase spending on high-tech research,

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