Majority of U.S. House backs sweeping semiconductor bill
Tweet
Share
E-mail
FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration
WASHINGTON (Reuters) - The U.S. House of Representatives on Thursday passed sweeping legislation to subsidize the domestic semiconductor industry as it competes with companies in China and other countries.
As voting continued, the tally was 239 to 181, as at least 23 Republicans joined Democrats in backing the legislation. Passage sends it to the White House, where President Joe Biden has said he will sign it into law.
(Reporting by Patricia Zengerle and David Shepardson; Editing by Leslie Adler)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Apple negotiates with blacklisted Chinese chipmakers amid AI-driven memory crunch
- European gas rises to over two-week highs amid peace hope jitters
- De-escalation rotations have further to run, Morgan Stanley says
Create E-mail Alert Related Categories
General News, Politics, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
