NEW YORK -- The U.S. Senate voted to move forward with the $52 billion CHIPS Act on Tuesday, more than a year after the initial version of the bill was passed.
Semiconductors
U.S. Senate moves ahead with $52bn CHIPS Act
Bill seen as key to lowering dependency on Asia-made semiconductors
The CHIPS Act, which promises tax breaks and subsidies for companies investing in chipmaking in the U.S., is regarded as crucial to Washington's economic and security competition with China. © Reuters
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