NEW YORK -- The U.S. House of Representatives on Thursday passed sweeping legislation that includes $52 billion for the American semiconductor industry as well as authorizes $200 billion in scientific research in areas including artificial intelligence and quantum computing.
Politics
U.S. Congress passes CHIPS Act to boost semiconductor sector
Updated legislation seen helping in competition with China
Since 1990, the U.S. share of modern semiconductor-manufacturing capacity has fallen from 37% to 12%. © Reuters
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