Senate advances bill to boost domestic semiconductor industry ...Middle East

The Hill - Technology
Senate advances bill to boost domestic semiconductor industry
source : The Hill ( Middle East ) () 35
The Senate voted 64 to 32 Tuesday to advance legislation to provide $52 billion to the domestic semiconductor industry, $81 billion to the National Science Foundation and a 25 percent investment tax credit for semiconductor manufacturing.   The vote brings the semiconductor bill closer to the finish line after more than a year of negotiations. The Senate passed the first version of the legislation in June of last year, but it stalled after House Democrats objected to several of its provisions, and conference negotiations between the two chambers had bogged down in recent weeks.   Senate Majority Leader Charles Schumer (D-N.Y.) saved the bill by dropping several provisions object

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