The U.S. Senate passed a bill Tuesday that could see the United States invest $52 billion in growing its own chip manufacturing technologies. The $52 billion is part of a broader bipartisan bill. In total, it aims to invest close to $250 billion in U.S. manufacturing and technology.
The bill passed Tuesday with a 68-32 vote. Senate Majority Leader Chuck Schumer described it as likely to “go down as one of the most important things this chamber has done in a very long time.”
It is an attempt to wrestle back control of some of the world’s tech manufacturing from China.