US Senate passes bill to boost chip manufacturing
2 years, 4 months ago

US Senate passes bill to boost chip manufacturing

Al Jazeera  

The US hopes the $52bn in government subsidies for semiconductor production will help alleviate a persistent shortage. The United States Senate on Wednesday passed sweeping legislation to subsidise the domestic semiconductor industry, hoping to boost companies as they compete with China and alleviate a persistent shortage that has affected everything from cars to weapons and video games. The long-awaited “Chips and Science” act provides about $52bn in government subsidies for US semiconductor production, as well as an investment tax credit for chip plants estimated to be worth $24bn. “This legislation is going to create good paying jobs, it will alleviate supply chains, it will help lower costs, and it will protect America’s national security interests,” the Senate’s Democratic majority leader, Chuck Schumer, said urging support for the bill. Critics, such as Senator Bernie Sanders – the only member of the Senate Democratic caucus to vote against the bill, have called the measure a “blank cheque” to highly profitable chips companies.

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History of this topic

Biden breaks with environmentalists, House Dems on chip bill
3 months ago

Biden breaks with environmentalists, House Dems on chip bill

Politico  

Biden’s decision could widen existing fissures between the Democratic Party’s pro-business and environmental wings. “It’s our expectation that the president will sign the bill into law,” said one chip industry lobbyist earlier Tuesday, who requested anonymity due to the issue’s sensitivity. The lobbyist highlighted the national security goals that drove 2022’s CHIPS and Science Act, and warned that environmental reviews …

The US CHIPS Act, 2 Years Later
4 months ago

The US CHIPS Act, 2 Years Later

The Diplomat  

Chips – the tiny processors that underpin the electronic world – have major geopolitical significance. One measure of long-term success would be if the leading fabrication companies each make repeated investments in new, advanced U.S. facilities – even after the helpful government incentives of the CHIPS Act have run out. As the CHIPS Act’s R&D programs take shape, they should …

'Competition 2.0' aims at unfair advantage
1 year, 6 months ago

'Competition 2.0' aims at unfair advantage

China Daily  

People shop at Lincoln Market in New York City on June 12. However, after the Chips and Science Act was signed by US President Joe Biden in August, the country is seeking to further decouple from China by introducing the "China Competition Bill 2.0" to curtail the flow of advanced technology to China. Last month, Senate Democratic leader Chuck Schumer …

US govt to chip makers: Share profits if you want subsidies
1 year, 9 months ago

US govt to chip makers: Share profits if you want subsidies

Al Jazeera  

Newly released plan requires firms that want subsidies to share future profits with government and provide childcare for employees. United States President Joe Biden’s administration has said it will require companies winning funds from its $52bn semiconductor manufacturing and research programme to share excess profits and explain how they plan to provide employees with affordable childcare. Commerce also expects “upside …

Chip and carmaker CEOs meet ahead of Biden signing
2 years, 4 months ago

Chip and carmaker CEOs meet ahead of Biden signing

The Hindu  

The heads of chipmakers GlobalFoundries and Applied Materials and carmakers Ford Motor and General Motors Co were to meet at a closed-door summit with U.S. government officials on Monday to discuss administration plans to invest in semiconductors. GlobalFoundries CEO Thomas Caulfield said in a statement the chips legislation "protects U.S. economic, supply chain and national security by accelerating semiconductor manufacturing …

Biden signs CHIPS Act to boost US chipmakers, compete with China
2 years, 4 months ago

Biden signs CHIPS Act to boost US chipmakers, compete with China

Al Jazeera  

The law, providing $52bn in subsidies to US semiconductor manufacturers, aims to reduce US dependence on Taiwan and South Korea for critical technologies. US President Joe Biden on Tuesday signed into law a bill providing $52.7bn in subsidies for US semiconductor manufacturers and research, in a landmark effort to boost United States competition with China’s scientific and technology initiatives. The …

Biden signs bill boosting US chip manufacturing as he kicks off victory lap
2 years, 4 months ago

Biden signs bill boosting US chip manufacturing as he kicks off victory lap

CNN  

CNN — President Joe Biden on Tuesday signed into law a bill aimed at boosting American chip manufacturing as he kicked off a victory lap to celebrate a string of wins in Washington. Biden on Tuesday described the law as a “once-in-a-generation investment in America itself.” “Today America is delivering, delivering, and I honest to God believe that 50, 75, …

Bumps, bipartisanship in long fight for semiconductor bill
2 years, 4 months ago

Bumps, bipartisanship in long fight for semiconductor bill

Associated Press  

WASHINGTON — Five weeks ago, senior Biden administration aides gathered for their regular Thursday morning meeting about passing a bill to revive the U.S. computer chip sector, worried that it could be in peril. “We’re going to keep our heads down and drive forward.” Just hours later, McConnell vowed on Twitter that the semiconductor bill would be dead if Democratic …

The New CHIPS Bill Raises More Questions Than it Answers for the US
2 years, 4 months ago

The New CHIPS Bill Raises More Questions Than it Answers for the US

News 18  

Last week, the US Senate decided to advance a bill to promote and support semiconductor chip manufacturing in the country. The recent CHIPS Bill seeks to facilitate the semiconductor manufacturing ecosystem in the country through increased subsidies and financial incentives for the domestic players. Considering the multifaceted benefits of improved chip manufacturing capacity, the US government through the CHIPS Bill …

US Congress Nod to CHIPS Act to Boost Semiconductor Production, Pour Billions in Fight Against China
2 years, 4 months ago

US Congress Nod to CHIPS Act to Boost Semiconductor Production, Pour Billions in Fight Against China

News 18  

The long-awaited CHIPS and Science Act, which aims to increase semiconductor manufacturing in the United States, was passed by the House by 243-187, with no Democrats voting against the bill. The CHIPS for America Act will get that done.” Some Republicans who opposed the bill claimed it lacked “guardrails” to prevent any of the funding from falling into the hands …

Congress OKs bill to aid computer chip firms, counter China
2 years, 4 months ago

Congress OKs bill to aid computer chip firms, counter China

Associated Press  

WASHINGTON — The House on Thursday passed a $280 billion package to boost the semiconductor industry and scientific research in a bid to create more high-tech jobs in the United States and help it better compete with international rivals, namely China. Republicans argued the government should not spend billions to subsidize the semiconductor industry and GOP leadership in the House …

The US Throws $52 Billion at Chips—but Needs to Spend It Wisely
54 years, 11 months ago

The US Throws $52 Billion at Chips—but Needs to Spend It Wisely

Wired  

Congress passed the CHIPS and Science Act on Thursday, a $280 billion package that includes $52 billion in funding available to companies that manufacture semiconductor chips stateside. Although chipmaking was pioneered in the US and Intel dominated the global market for advanced computer chips for decades, competition from Asian firms and Intel’s own missteps have seen that influence wane considerably …

U.S. Senate passes bill to boost chip manufacturing, compete with China
2 years, 4 months ago

U.S. Senate passes bill to boost chip manufacturing, compete with China

The Hindu  

The U.S. Senate on Wednesday passed sweeping legislation to subsidise the domestic semiconductor industry, hoping to boost companies as they compete with China and alleviate a persistent shortage that has affected everything from cars to weapons and video games. The long-awaited "Chips and Science" act provides about $52 billion in government subsidies for U.S. semiconductor production as well as an …

Congress OKs bill to aid U.S. computer chip firms, countering China
2 years, 4 months ago

Congress OKs bill to aid U.S. computer chip firms, countering China

LA Times  

President Biden speaks virtually during an event in the South Court Auditorium of the White House on July 25. “Today, the House passed a bill that will make cars cheaper, appliances cheaper and computers cheaper,” Biden said. Some Republicans argued that the government should not spend billions to subsidize the semiconductor industry, and GOP leadership in the House recommended a …

Senate passes bill to boost computer chip production in US
2 years, 4 months ago

Senate passes bill to boost computer chip production in US

Associated Press  

WASHINGTON — A bill designed to encourage more semiconductor companies to build chip plants in the United States passed the Senate on Wednesday as lawmakers raced to finish work on a key priority of the Biden administration. Senate Majority Leader Chuck Schumer, D-N.Y., said the bill represented one of the nation’s largest investments in science and manufacturing in decades and …

Senate approves bipartisan semiconductor bill that could bring funds to California
2 years, 4 months ago

Senate approves bipartisan semiconductor bill that could bring funds to California

LA Times  

After months of wavering, the Senate on Wednesday approved a sweeping $280-billion plan to subsidize domestic semiconductor manufacturers and fund research that a bipartisan group of lawmakers hopes will shore up U.S. competitiveness, particularly against China. “This bill is going to cut costs for people, it’s going to bring jobs home and it’s going to strengthen our national security,” said …

Biden stresses case for computer chips before crucial Senate vote
2 years, 4 months ago

Biden stresses case for computer chips before crucial Senate vote

The Hindu  

Calling semiconductors “the building blocks for the modern economy,” President Joe Biden on Monday asked Congress to move quickly and send him a bipartisan bill designed to boost the computer chips industry and high-tech research in the United States. The bill needs support from at least 60 senators to clear procedural hurdles and place it on a path to final …

Legislation to subsidize U.S.-made semiconductor chips heads to Biden's desk
2 years, 4 months ago

Legislation to subsidize U.S.-made semiconductor chips heads to Biden's desk

NPR  

Legislation to subsidize U.S.-made semiconductor chips heads to Biden's desk Enlarge this image toggle caption Anna Moneymaker/Getty Images Anna Moneymaker/Getty Images In a major win for the Biden administration, the House has passed bipartisan legislation aimed at supporting domestic manufacturing of semiconductor chips that power the nation's smartphones, cars, computers, medical equipment and weapons systems. Sponsor Message Seventeen Senate Republicans …

Biden presses computer chips case in advance of Senate vote
2 years, 4 months ago

Biden presses computer chips case in advance of Senate vote

Associated Press  

WASHINGTON — Calling semiconductors “the building blocks for the modern economy,” President Joe Biden on Monday asked Congress to move quickly and send him a bipartisan bill designed to boost the computer chips industry and high-tech research in the United States. The bill needs support from at least 60 senators to clear procedural hurdles and place it on a path …

Semiconductor bill unites Sanders, the right — in opposition
2 years, 4 months ago

Semiconductor bill unites Sanders, the right — in opposition

Associated Press  

WASHINGTON — A bill to boost semiconductor production in the United States has managed to do nearly the unthinkable — unite the democratic socialist Sen. Bernie Sanders and the fiscally conservative right. “Not too many people that I can recall — I have been all over this country — say: ‘Bernie, you go back there and you get the job …

Republicans warm to $52B computer chip bill, adding momentum
2 years, 5 months ago

Republicans warm to $52B computer chip bill, adding momentum

Associated Press  

WASHINGTON — Key Republicans are warming up to passing a bill that provides roughly $52 billion in incentives for the semiconductor industry now that Sen. Joe Manchin of West Virginia has quashed the idea of imposing higher taxes on the rich and corporations as part of a separate Democratic-only effort. That’s when Senate Republican leader Mitch McConnell said there would …

Republicans warm to $52B computer chip bill, adding momentum
2 years, 5 months ago

Republicans warm to $52B computer chip bill, adding momentum

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. That's when Senate Republican leader Mitch McConnell said there would be no such bill …

Congress seeks compromise to boost computer chip industry
2 years, 8 months ago

Congress seeks compromise to boost computer chip industry

Associated Press  

WASHINGTON — A global computer chip shortage has made it harder for consumers to get their hands on cars, computers and other modern-day necessities, so Congress is looking to boost chip manufacturing and research in the United States with billions of dollars from the federal government. “We have a strong bill in the House, and I think there’s important components …

U.S. Senate approves $52 billion chips bill in bid to reach compromise
2 years, 8 months ago

U.S. Senate approves $52 billion chips bill in bid to reach compromise

The Hindu  

The U.S. Senate on Monday again approved a bill to provide $52 billion in U.S. subsidies for semiconductor chips manufacturing in a bid to reach a compromise after months of discussions. The Senate first passed chips legislation in June that also authorised $190 billion to strengthen U.S. technology and research to compete with China, while the House passed its version …

EXPLAINED: Scarcity Of Chips Feeds Frustration And Inflation In US
2 years, 10 months ago

EXPLAINED: Scarcity Of Chips Feeds Frustration And Inflation In US

News 18  

Even coming off its fastest annual growth in 37 years, the US economy is still bogged down by a persistent shortage of the computer chips essential to the technology that connects, transports and entertains us. The House of Representatives passed a bill February 4 that could pump $52 billion in grants and subsidies to the semiconductor industry to help boost …

EXPLAINER: A scarcity of chips feeds frustration, inflation
2 years, 10 months ago

EXPLAINER: A scarcity of chips feeds frustration, inflation

Associated Press  

Even coming off its fastest annual growth in 37 years, the U.S. economy is still bogged down by a persistent shortage of the computer chips essential to the technology that connects, transports and entertains us. The House of Representatives passed a bill Feb. 4 that could pump $52 billion in grants and subsidies to the semiconductor industry to help boost …

House passes bill to boost US computer chip production
2 years, 10 months ago

House passes bill to boost US computer chip production

Associated Press  

WASHINGTON — Democrats on Friday muscled legislation through the House that they say positions the United States to better compete with China economically and on the global stage by strengthening the domestic semiconductor industry and shoring up strained supply chains. President Joe Biden urged lawmakers to reach a deal quickly, saying, “America can’t afford to wait.” The nearly 3,000-page bill, …

U.S. House bill on China competitiveness, chip investment, coming soon: Pelosi
2 years, 10 months ago

U.S. House bill on China competitiveness, chip investment, coming soon: Pelosi

The Hindu  

The U.S. House of Representatives will soon introduce a bill to increase U.S. competitiveness with China and boost federal spending on semiconductors, Speaker Nancy Pelosi said on Friday as the Biden administration seeks to boost domestic chip production. President Joe Biden's administration is pushing to persuade Congress to approve funding to help boost chip production in the United States, as …

Commerce head out to save US jobs, 1 computer chip at a time
3 years, 2 months ago

Commerce head out to save US jobs, 1 computer chip at a time

Associated Press  

WASHINGTON — Gina Raimondo only wears watches made by Bulova — a company that laid off her scientist father, closed its Rhode Island factory and moved production to China in 1983. “It’s been a tribute to my dad,” Raimondo said of her watch choices in an interview, “and a reminder to me that we need to do more to get …

U.S. Senate passes sweeping bill to address China tech threat
3 years, 6 months ago

U.S. Senate passes sweeping bill to address China tech threat

The Hindu  

The U.S. Senate voted 68-32 on Tuesday to approve a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology. The measure authorizes about $190 billion for provisions to strengthen U.S. technology and research - and would separately approve spending $54 billion to increase U.S. production and research into semiconductors and telecommunications equipment,including $2 billion …

Senate passes bill to boost U.S. tech industry, counter rivals
3 years, 6 months ago

Senate passes bill to boost U.S. tech industry, counter rivals

The Hindu  

The Senate overwhelmingly approved a bill on Tuesday that aims to boost U.S. semiconductor production and the development of artificial intelligence and other technology in the face of growing international competition, most notably from China. “The premise is simple, if we want American workers and American companies to keep leading the world, the federal government must invest in science, basic …

Senate passes bill to boost US tech industry, counter rivals
3 years, 6 months ago

Senate passes bill to boost US tech industry, counter rivals

Associated Press  

WASHINGTON — The Senate overwhelmingly approved a bill Tuesday that aims to boost U.S. semiconductor production and the development of artificial intelligence and other technology in the face of growing international competition, most notably from China. “The premise is simple, if we want American workers and American companies to keep leading the world, the federal government must invest in science, …

U.S. Senate advances sweeping tech bill taking aim at China
3 years, 6 months ago

U.S. Senate advances sweeping tech bill taking aim at China

The Hindu  

The U.S. Senate on Thursday advanced a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology, as Congress increasingly seeks to take a tough line against Beijing. The desire for a hard line in dealings with China is one of the few truly bipartisan sentiments in the deeply divided U.S.Congress, which is narrowly controlled …

U.S. Senate mulls $30 bln in funding to boost chipmaking sector, source says
3 years, 9 months ago

U.S. Senate mulls $30 bln in funding to boost chipmaking sector, source says

The Hindu  

The U.S. Senate is considering including in a new bill to boost competitiveness against China $30 billion in funding for previously-approved measures to supercharge the country's chipmaking industry, a congressional source said on Thursday. The source, who is involved in the effort, said that the Schumer-led package is likely to have provisions curbing China's access to U.S. capital markets, a …

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