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The US House of Representatives passed the “Chip and Science Act”, and the follow-up only waits for the President’s signature



IT House July 29 news, according to CCTV reports, on July 28 local time, the US House of Representatives passed the “Chip and Science Act” to subsidize the semiconductor chip manufacturing industry in the United States and invest billions in technological innovation. Dollar. The next step is for the bill to be signed by the president to formally legislate.

According to Reuters, the House passed the long-delayed bill by a vote of 243 to 187 on the same day, with no Democrats voting against and 24 Republicans voting for it, although at the last minute GOP leaders Still strongly opposed to it.

The bill will now be sent to the White House to be signed into law by the sitting president of the United States. A day earlier, the Senate passed the bill with 64 votes in favor and 33 against.

According to reports, the bill, which has been repeatedly deleted, was eventually named the “Chip and Science Act”, which will provide about $52 billion in government subsidies for U.S. semiconductor manufacturing and $24 billion in investment taxes for chip factories. The credit is expected to fund 10 to 15 new semiconductor factories over the next decade.

IT House understands that it also includes appropriating more than $170 billion over five years to authorize the National Science Foundation, the U.S. Department of Commerce, etc. to increase investment in scientific research and development in key areas and promote scientific research in the United States.

House Speaker Nancy Pelosi said the chip bill was a major victory for American families and the American economy. “Once officially introduced, it will support our nation’s semiconductor chip production, revive U.S. manufacturing, and create nearly 100,000 high-paying jobs.”

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