Senate OK’s Billions for U.S. Chip Manufacturing

 After months of political jockeying and procedural hurdles, the Senate on Tuesday approved a roughly $190 billion science and technology bill to boost U.S. competitiveness with China. The bill invests several billion into U.S. semiconductor production and emerging technology industries like artificial intelligence and quantum computing.

The bill — titled the US Innovation and Competition Act or USICA — builds off a previous proposal from Senate Majority Leader Chuck Schumer (D-NY) called the Endless Frontier Act. Endless Frontier was one of the first big bipartisan bills to come from the Biden administration. But over the last few months, the bill grew and much of the original funding was watered down as it moved through the Senate, reported The Verge. Continue Reading