Tuesday, January 18, 2022
Home Business U.S. lawmakers urge speedy action on U.S semiconductor chips funding By Reuters

U.S. lawmakers urge speedy action on U.S semiconductor chips funding By Reuters


© Reuters. FILE PHOTO: An Intel Tiger Lake chip is displayed at an Intel news conference during the 2020 CES in Las Vegas, Nevada, U.S. January 6, 2020. REUTERS/Steve Marcus

WASHINGTON (Reuters) – A bipartisan group of 38 U.S. House lawmakers on Thursday urged leaders in Congress to immediately set a path to advance legislation providing $52 billion for U.S. semiconductor production including $2 billion in support for chips used by the automotive industry.

The U.S. Senate voted 68-32 in June to approve a sweeping package of legislation intended to boost the country’s ability to compete with Chinese technology, including providing $52 billion for chips, but the measure has stalled in the House.

The House lawmakers in a letter warned of the “dire consequences the automotive industry as a whole—and the nation—faces if we fail to advance legislation soon.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

RELATED ARTICLES

Australia suffers deadliest day of pandemic as Omicron drives up hospital cases By Reuters

SYDNEY (Reuters) - Australia on Tuesday suffered its deadliest day of the pandemic as a fast-moving Omicron outbreak continued to push up hospitalisation...

Jill and Amy Duggar: Did They Join Forces to Destroy Jim Bob’s Evil Empire?

In the years before Josh Duggar was arrested on child pornography charges, critics of his famous family often hoped that the Duggar media...

Jen Shah Gets Physical With Lisa Barlow in Nasty RHOSCL Bus Brawl

Whether it's entirely her fault or it's some wild, improbable misunderstanding, Jen Shah is not having a great time. This week's episode of The...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Australia suffers deadliest day of pandemic as Omicron drives up hospital cases By Reuters

SYDNEY (Reuters) - Australia on Tuesday suffered its deadliest day of the pandemic as a fast-moving Omicron outbreak continued to push up hospitalisation...

Jill and Amy Duggar: Did They Join Forces to Destroy Jim Bob’s Evil Empire?

In the years before Josh Duggar was arrested on child pornography charges, critics of his famous family often hoped that the Duggar media...

Jen Shah Gets Physical With Lisa Barlow in Nasty RHOSCL Bus Brawl

Whether it's entirely her fault or it's some wild, improbable misunderstanding, Jen Shah is not having a great time. This week's episode of The...

Celebrities Who Died In 2022: In Memoriam

Gone. But never forgotten. That's the theme of this melancholy slideshow on The Hollywood Gossip, as we stop and pay homage to the stars who...

Recent Comments