Bill to boost US chip manufacturing clears Senate hurdle
A bipartisan bill to boost U.S. chip manufacturing and competitiveness with China has cleared a key Senate hurdle and is set to go up for a final vote before July ends.

Semiconductor
The legislative package, dubbed "CHIPS-plus," cleared the so-called cloture vote to break the legislative filibuster. CNBC reported Thursday that the vote passed 64-32.
"CHIPS-plus" will provide around $52 billion in funding for U.S. companies making semiconductors and computer chips. It also includes a provision offering a tax credit for investments in domestic chip production.
Additionally, the bill will also provide funding to bolster innovation and the development of other U.S. technologies.
The bill is expected to clear the Senate. After that, it will go before the U.S. House of Representatives. Supporters of the legislation, which is bipartisan, hope that it will be passed in Congress and sent to President Joe Biden's desk before the August recess.
Proponents of the bill believe that it's a vital strategy for bolstering U.S. economic and national security interests. President Biden has called the ongoing global chip shortage, which supporters say the bill can mitigate, a national security issue.
The bill, however, is a stripped-down version of a broader piece of legislation that has been sitting in Congress for months.
"America invented the semiconductor. It's time to bring it home," Biden said at a White House meeting Monday afternoon.
Read on AppleInsider

Semiconductor
The legislative package, dubbed "CHIPS-plus," cleared the so-called cloture vote to break the legislative filibuster. CNBC reported Thursday that the vote passed 64-32.
"CHIPS-plus" will provide around $52 billion in funding for U.S. companies making semiconductors and computer chips. It also includes a provision offering a tax credit for investments in domestic chip production.
Additionally, the bill will also provide funding to bolster innovation and the development of other U.S. technologies.
The bill is expected to clear the Senate. After that, it will go before the U.S. House of Representatives. Supporters of the legislation, which is bipartisan, hope that it will be passed in Congress and sent to President Joe Biden's desk before the August recess.
Proponents of the bill believe that it's a vital strategy for bolstering U.S. economic and national security interests. President Biden has called the ongoing global chip shortage, which supporters say the bill can mitigate, a national security issue.
The bill, however, is a stripped-down version of a broader piece of legislation that has been sitting in Congress for months.
"America invented the semiconductor. It's time to bring it home," Biden said at a White House meeting Monday afternoon.
Read on AppleInsider
Comments
How about we take all that unspent Covid money and use that? The Covid money that wasn’t stolen outright anyway.
The thing that I do not understand is why does the government need to waste billions in tax dollars for such incentives, these tech companies already have enough funds and resources. All the government needs to do is get out of their way so they can do their thing. Do not tax job creating businesses, taxes from their employees are enough for their State, city, and the wasteful IRS.
Look at Apple’s current SOC design AMD, Intel and NVIDIA are out of luck they have been disrupted and Qualcomm probably isn’t far behind. The next battle should be against the EU’s misguided attacks being directed at some of the US tech so-called gate keeper companies.
The next EU Apple smartphone based on the concept of the anti-smartphone, Apple offers just the core Apple iPhone with the core Apple software just for Europe nothing else. No AppStore just the basic core locked down…..Pure Apple.
https://www.youtube.com/watch?v=02mIRnPJm6g
Nokia even thinks it’s going to get back into the game.
https://www.commerce.senate.gov/2022/7/view-the-chips-legislation
Rather than speculate why not read the bill and actually be informed?
https://www.commerce.senate.gov/2022/7/view-the-chips-legislation
I wouldn’t dump it to save face though.
Did hear about some the Chinese real-estate companies debt troubles? They some of the owners were told to use their own money to pay the debts…..
It appears that the price of losing face is six thousand years old in that part of world. The anti-freeze toothpaste dudes paid a higher price ugh….