U.S. Senate passes competitiveness bill with USD 52 billion for semiconductors

On June 8, the U.S. Senate adopted the "U.S. Innovation and Competition Act" that directs USD 52 billion in emergency spending toward domestic semiconductor chip manufacturing and boosts "Buy American" rules.
Senators gave the measure bipartisan support, voting 68-32 to pass the Democrat-led bill and send it to the H....

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