(Morning News) The US Senate will vote for a streamlined legislation of more than $ 50 billion (about 69.6 billion yuan) subsidies for a semiconductor industry on Tuesday (July 19).The move aims to strengthen the competition between the US semiconductor industry and China.
The first program voting will be carried out on Tuesday.Senate's leader Shu Mo said earlier at the Senate that the US semiconductor manufacturing industry is a national security issue and a source of employment.
Some Senate staff said that their goal is to pass the bill next week.The bill will be submitted to the House of Representatives and then sent to the White House. President Biden signed as a law.They said that the bill will include $ 52 billion (about 72.3 billion yuan) to allocate funds to rebuild the US semiconductor industry and provide tax discounts for companies in the United States.
Scho Mo said: "This information is very clear. If the company thinks that the production of chips in the United States does not make money, they will go elsewhere."
U.S. government officials last week forMembers of Congress held a briefing and urged them to pass the bill.
The US Senate passed a $ 250 billion bill in June 2021 to improve the funding of technological research and development.
