Senate passes bill to boost computer chip production in U.S.

The Senate has passed a bill that's designed to encourage more semiconductor companies to build chip plants in the United States. The $280 billion measure, which awaits a House vote, includes federal grants and tax breaks for companies that construct their chip facilities in the U.S. It also directs Congress to significantly increase spending on high-tech research programs that lawmakers say will help the country stay economically competitive in the decades ahead. Senate passage came by a 64-33 vote Wednesday. The House vote is expected later this week as lawmakers try to wrap up business before returning to their home states and districts in August.

[ecduzitgood]

How convenient for Piglosi who just invested millions in Nvidia a few weeks ago, I wonder how many millions they will make now, can you say insider trading?

[sudilos]

Their bills never do what they title
themselves as beyond 20% from a historic standpoint

[Padreabraham]

The Pelosis: 😲we didn’t see this coming. And we def didn’t prepare for it

[theresagomez]

Another pointless waste of our money being used to make rich companies even richer.

[stickyfox]

This is a bailout for companies that left the USA in the 80s because wages and taxes are too expensive. It's not going to help us stay competitive. Write your representatives and senators and tell them to stop giving all our money to billionaires.

[viralsolutions]

Has support from Nacy Pelosi eh? Im sure she has already priced a Nvidia and Ibm play

[DRKrust]

Well, 33 senators who voted against American security.

[ryderjames]

Lol the Ford Chevy government bail out. Tax payer paid so they can make electric junk rather then continue their gas junk. But someone's gotta foot the bill. Surely won't be the companies themselves.

[timdryden]

Last chance DEMOCRATIC GRAFT, before November, follow the $$money$$ IT WON"T GET THERE! Nothing will change.

[roberthead]

252 billion more of inflation, come man, let's fix our economy first!

[followerofjesuschrist.]

"From that time Jesus began to preach, and to say, Repent: for the kingdom of heaven is at hand." Matthew 4:17

"But I say unto you, That ye resist not evil: but whosoever shall smite thee on thy right cheek, turn to him the other also." Matthew 5:39°

[xtheeliminator]

Where they getting the money for these chips? Now we know why gas prices are so high.

[noneya]

Wow that paul pelosi is a great stock trader. bought in chit stock before this. OR is he? Where did he get the imfo? But do not talk about that JUST the other billionaires

[sappersteel]

Well geez, only took ya two years to do something. Government sucks.

[phillhuddleston]

The vast majority of this money will be funneled to other causes much of which will likely end up in other countries including China. The best thing government can do to help the economy is to leave as much money in the private sector as possible but unfortunately that is not the path governments follow these days.

[VaporValkerie]

Who is here because of Optimus's video on semi conductor chips?

[orangehatmusic]

Yo that guy was way way wayyyy too close to his screen.

[bgates]

Great. Stuff more $$ in billionaires' pockets. Reward them a second time for offshoring jobs after giving tax breaks for offshoring expenses.

If my tax money is used for chip makers, I want ownership - public ownership. Don't just give them subsidies so they can buy back stocks and give ginormous CEO compensation packages.

[saigejones]

So Sad. Vote these Republicans out of office.

[mchammer]

Insider trading !!! Propaganda BS !!!!
Intel just open a new fab plan in Oregon....they don't need help.... How about helping Americans ? Healthcare & mental care?