December 9, 2022

Taylor Daily Press

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Green light for chips law: US to spur production of its own computer chips

Green light for chips law: US to spur production of its own computer chips











After the US Senate, the House of Representatives has now approved a bill that would provide $52 billion in aid to US semiconductor manufacturing.

So called grants and other concessions Chips Act America should Low bias Asia makes chips and at the same time creates about 100,000 additional jobs in US semiconductor factories.

Now all we have to do is wait for President Joe Biden’s signature. However, this is only a formality, as the White House will be happy to show the president this political boost. The bill passed the House of Representatives with 243 votes in favor and 187 against. The support of 24 Republicans is crucial.

Pelosi

Key Detail: Nancy PelosikThe House speaker and her husband rushed to pile on the US chipmaker’s stock ahead of the vote. Nvidia After doubts arose about its impartiality in the file, it sold it at a loss.

It should come as little surprise that Intel, another giant in the industry, responded with applause to the endorsement.

America is not alone in its pursuit. Earlier this year, the European union A plan to increase indigenous production of computer chips.

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