The United States House of Representatives passed on Friday a bill that would direct $52 billion into domestic semiconductor manufacturing, research and design and help the US compete with China in that industry.
The bill passed the House with an almost a party-line vote of 222-210, with one Democrat and one Republican voting differently than their respective party colleagues.
Among other provisions, the 2,900-page America COMPETES Act of 2022 also calls for a six-year $45 billion investment into strengthening US supply chains and domestic manufacturing of critical goods.
