NEW YORK -- Fresh from injecting $1.9 trillion into the U.S. economy, Capitol Hill already envisions another big spending plan -- this time to gain the upper hand in the tech race against China.
US-China tensions
US Congress pushes $100bn research blitz to outcompete China
Beijing's challenge drives Washington to take greater hand in industrial policy
The global semiconductor crunch provides a catalyst aiding U.S. Senate Majority Leader Chuck Schumer as he pushes legislation allocating $100 billion to outcompete China in critical technology. © Reuters
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