US Senate passes CHIPS Act to boost domestic semiconductor manufacturing as relations with China worsen - Technology News, Mobile Technology News, Videos, and Review | Techbrinks

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Thursday, 28 July 2022

US Senate passes CHIPS Act to boost domestic semiconductor manufacturing as relations with China worsen


The Senate yesterday voted 64 - 33 in favor of passing the $280 billion Chips and Science Act, $52 billion of which will go toward subsidies for chip makers. There will also be an investment tax credit for chip plants estimated to be worth $24 billion. The incentives do come...

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