Biden's $52 Billion Chip Plan Stalls As Lawmakers Eye Election - Bloomberg

(Updated - June 9, 2022 11:55 AM EDT)

Legislation to boost US semiconductor manufacturing and strengthen competitiveness against China risks collapsing in Congress, according to a report from Bloomberg, citing people familiar with negotiations.

Some lawmakers fault the White House for not being more engaged, and time is running short to act on it before lawmakers depart for summer recess and then the campaign trail, with many issues unresolved.

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