WASHINGTON, DC - JULY 09: Senate Minority Leader Chuck Schumer (D-NY) answers questions at the U.S. Capitol on July 09, 2019 in Washington, DC. Schumer answered a range of questions during the press conference including queries on recent court cases involving the Affordable Care Act. (Photo by Win McNamee/Getty Images)
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.
Subscribe to our free weekly newsletter!
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.
Since Vice President Kamala Harris' (D) started her campaign earlier this week, numerous polls have…
In a brief video released Friday by the Harris campaign, former President Barack Obama and…
Former President Donald Trump has filed a complaint with the Federal Election Commission over the…
On Thursday, Vice President Kamala Harris released her first campaign ad attacking former President Donald…
On Wednesday night, President Joe Biden addressed the nation from the Oval Office for the…
Several Democratic lawmakers participated in a series of counter-programming events instead of attending Israeli Prime…