After more than a year of negotiations, Congress is on the cusp of passing a bill to alleviate the chip shortage and shore up U.S. competitiveness with China — in part by giving $50 billion to the semiconductor industry.
The Senate voted 64-32 on Tuesday to end debate on the so-called “CHIPS+” bill. This key step, which required 60 votes, now sets the stage for final passage in the coming days.
As the key procedural step got underway, Senate Majority Leader Chuck Schumer (D-NY) said the…
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