The US Senate passed the CHIPS bill with a 64-33 vote July 27, representing a significant step forward for the legislation that includes $52 billion in funding to boost domestic semiconductor manufacturing and US competitiveness in the technology industries. “As Americans are worried about the state of the economy and the cost of living, the CHIPS bill is one answer: it will accelerate the manufacturing of semiconductors in America, lowering prices on everything from cars to dishwashers,” President Joe Biden said in a statement issued by the White House “It will mean more resilient American supply chains, so we are never so reliant on foreign countries for the critical technologies that we need for American consumers and national security. A version of the bill, which has been referred to by many different names such as the COMPETES Act, was passed by the House of Representatives in February . The […]