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Senate Passes $52 Billion Package to Boost Chip Production
Posted
July 27, 2022
Views
10,718
Likes
130
Comments
184
Engagement
2.93%
July 27, 2022
10,718
130
184
2.93%
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1:15Now PlayingThe Senate on Wednesday passed legislation that includes $52 billion in grants and incentives for US semiconductor manufacturing, an industry that has steadily lost ground to foreign competitors in recent years.
The 64 to 33 vote comes after more than a year of debate and marks a major legislative victory for President Joe Biden, whose agenda has largely stalled in the Senate, where 60 votes are required to pass most legislation.
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