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Parliament will provide $ 52 billion in chip production

Tuesday afternoon The Senate passed S. 1260, a revised Chuck Schumer’s Endless Frontier Act, which provides billions of dollars to strengthen US technology and research. Drawing US Innovation and Competition Act, the goal is to create a US-based electoral system to contest elections from China, by voting 68 – 32.

As Reuters records, of the $ 190 billion spent on the bill, more than $ 50 billion is available to “increase production and research for US semiconductors and mobile devices,” and $ 2 billion to look specifically at chips used by manufacturers – who they have been missing, stopping production lines nationwide.

Mu tweet After the vote, Mr. Schumer said, “the law sets the United States on a path to innovation, productivity, and global competition in future industries.” The initial funding raised last year provided $ 100 billion for further research and development of sector technology, however the nation has grown to $ 250 billion, because Bloomberg indicates that they have also added rules from several committees that focus on competing with China.

The funding includes $ 10 billion to go to the Department of Finance to rehabilitate cities and regions as a technology base, while the $ 100 billion National Science and Technology Foundation (NSTF) he has been changed $ 29 billion to the Directorate of Technology and a new Innovation at the existing NSF.

You are also methods for using NASA and Artemis’ purpose for the moon, yet it is not yet law. The building is still required to provide the type of bill and that both sides are not identified.

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