Senate Passes $52 Billion CHIPS Act To Make U.S. Semiconductor Industry Independent Of China

The Senate voted on Wednesday to pass a $52 billion bill aimed at increasing semiconductor production.

“It’s a major step for our economic security, our national security, our supply chains and for America’s future,” Senate Majority Leader Chuck Schumer (D-New York) said of the bill, titled the CHIPS Act, earlier this week.

“It will make historic investments to scientific research. It will take direct aim at our nation’s chip crisis,” the New York Democrat added.

The bill will head to the House and presumably to President Joe Biden‘s desk after that. If it passes, it will lessen U.S. reliance on other countries, like China, for manufacturing, which supporters say is important to ensuring national security.


A week of political news in your in-box.
We find the news you need to know, so you don't have to.

“You cannot be dependent on only one country for such an important supply for cars and phones and everything we want to make going forward,” Sen. Amy Klobuchar (D-Minnesota) said.

The funding, which is one of the largest tech investments in the U.S. to date, will go toward the research and development of semiconductors.

Rose Carter

Recent Posts

Republican Seek To Make The Most Of Special Counsel Hur’s Biden Report

After an investigation that has spanned a year, carried out by Special Counsel Robert Hur,…

17 hours ago

New Congressional Map For New York Doesn’t Help Democrats As Much As Expected

A bipartisan re-districting committee in New York has approved a new congressional map that makes…

17 hours ago

After Oregon Supreme Court Bars GOP Senators From Running For Reelection, Republicans Vow To Appeal

Last week, the Oregon Supreme Court ruled that the ten Republican State senators who staged…

2 days ago

Trump Leads Biden by 7% In New National Poll

In a new Harvard CAPS-Harris poll, voters preferred former President Donald Trump to President Joe…

2 days ago

GOP Sen. J.D. Vance Says He Would Not Have Certified 2020 Election Results If He’d Been V.P.

Sen. J.D. Vance (R-Ohio) said that he believes the 2020 election was illegitimate and that he…

4 days ago

After Senate Passes Ukraine Aid Bill, House Works Its Own Alternative

After the Senate approved a $95 billion foreign aid package that would be split between…

4 days ago