US lawmakers urge speedy action on funding for semiconductor production and research

Source: Tech – South China Morning PostA bipartisan group of more than 140 US lawmakers on Tuesday urged leaders in Congress to approve US$52 billion in government subsidies for semiconductor chip production and research.The US House of Representatives on February 4 narrowly passed a bill aimed at increasing American competitiveness with China in part by allocating US$52 billion to boost US semiconductor manufacturing.The funding will “help prevent future shortages that cause GDP drag, job losses, more expensive consumer goods, and…Read More

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