Senate Democrat proposes US$52b for US chip production, R&D

Senate Democrat proposes US$52b for US chip production, R&D

The Edge Markets - Technology·2021-05-19 15:03

WASHINGTON (May 18): U.S. Senate Democratic Leader Chuck Schumer unveiled revised bipartisan legislation late Tuesday to approve US$52 billion to significantly boost U.S. semiconductor chip production and research over five years.

The emergency funding proposal will be included in a more than 1,400-page revised bill the Senate is taking up this week, as first reported by Reuters on Friday, to spend US$120 billion on basic U.S. and advanced technology research to compete with China.

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