The House Will Vote on a Bill to Increase Computer Chip Production
House Democrats are poised to approve legislation Friday that they say positions the United States to better compete with China economically and on the global stage by strengthening the domestic semiconductor industry, shoring up strained supply chains and bolstering international alliances.
Criticizing China has become a bipartisan playbook in Washington, but Republicans are panning the measure as “toothless” and short of what is needed to hold the country accountable for a range of economic and human rights actions.
The nearly 3,000-page bill includes massive investments designed to boost semiconductor manufacturing in the U.S. The big-ticket items include about $52 billion in grants and subsidies to help the semiconductor industry and $45 billion to strengthen supply chains for high-tech products.