Senate passes bipartisan invoice investing $52 billion in US semiconductor manufacturing

CNN, CNNBUSINESS

By Clare Foran and Ted Barrett, CNN

The Senate voted Wednesday to move a long-awaited invoice aimed toward boosting US semiconductor manufacturing in a bid to extend American competitiveness.

It handed with broad bipartisan help, 64 to 33.

The measure now goes to the Home for approval earlier than it may be despatched to President Joe Biden for his anticipated signature.

The laws is aimed toward addressing a semiconductor chip scarcity and making the US much less reliant on different nations equivalent to China for manufacturing. Supporters say the measure is vital not just for US technological innovation,

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