News Analysis
The U.S. Senate aims to pass legislation this week to boost the United States’ domestic semiconductor industry and improve competitiveness with China amid a global supply chain crisis.
“We need to move quickly,” said Senate Majority Leader Chuck Schumer (D-N.Y.) on July 18.
“Without these incentives from Congress, the capital investment required for expanding production is not economically viable in the United States, given other global alternatives.”
The legislation at hand is a compromise version of two bills that members of Congress have been working on for over a year, the purpose of which is to appropriate funding for the nation’s domestic semiconductor manufacturing ability….