US Senate Democrats Propose $52 Billion For US Chip Production

Twitter Democrat leader in the US Senate revises legislation to approve $52 billion plan to ramp up US semiconductor manufacturing The United States continues to explore ways to bolster semiconductor production in America, to combat the crippling chip shortage impacting multiple industries. Reuters has reported that US Senate Democratic Leader Chuck Schumer has unveiled revised bipartisan legislation late Tuesday to approve $52 billion, in order to significantly boost American semiconductor chip production and research over five years. The emergency funding proposal has been included in a revised China Bill that the US Senate is examining this week. It proposes to…