China competitiveness computer chip bill passes Senate, goes to House

China competitiveness computer chip bill passes Senate, goes to House
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The Senate on Wednesday passed bipartisan legislation aimed to help the U.S. compete with China by injecting tens of billions of dollars into the domestic production of semiconductor chips.

The bill, known as the CHIPS-plus or Chips and Science Act, passed in a 64-33 vote. It will now head to the House, where lawmakers hope to pass it and send it to the White House for President Joe Biden’s signature before Congress leaves town in early August.

House Speaker Nancy Pelosi, D-Calif., said the chip bill “is a major victory for American families and the American economy” when it passed a key Senate vote earlier in July.
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