The US Congress on Thursday approved a bill that provides $52 billion in subsidies to restart US semiconductor manufacturing. USAand additional billions in research and development.
The text, approved on Wednesday in the Senate, received 243 votes, including 24 Republicans, and 187 votes against in the House of Representatives.
The president Joe Biden The law must pass, a major victory after a long struggle as midterm legislative elections approach in November.
The legislation will “reduce the cost of everyday life and create well-paying industrial jobs,” he said in a statement after the vote.
The President spoke by phone this Thursday with the President of the People’s Republic of China Xi Jinpingwhose government condemns the law, which “under the pretext of strengthening the competitiveness of the United States reduces scientific and technological cooperation” between the two countries.
Trying to avoid another shortage
Demand for microchips, a key component of today’s electronics, has skyrocketed during the pandemic due to increased consumption of electronic products, and global shortages have arisen exacerbated by the closure of Chinese factories due to the pandemic. COVID-19.
The lack of chips struck USAwhose market share in the global production of these components has fallen sharply in recent years due to manufacturers in Asia.
The automotive industry was particularly hard hit, causing car prices to skyrocket.
“The pandemic has exposed serious vulnerabilities in our supply chains, especially our dependence on certain regions for some key materials,” US Secretary of Commerce Gina Raimondo said.
Intel, GlobalFoundries, Samsung D TSMS They are the main chip companies all over the world, so they will benefit. So much Intel which Samsung to have in their plans ambitious plants in USAwhich will be worth billions of dollars.
The government even warned of the risk that shortages semiconductors poses a threat to national security, as these components are required for many types of military equipment.
Agreement in Congress it took months between the ruling Democratic Party and the Republican opposition.
It is estimated that a law that even provides for enhanced security United States Supreme Court- a total package of 280 billion dollars.
According to AFP
Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.