News Snapshot:
US Congress Passes Bill to Subsidise Domestic Semiconductor Sector Amid Competition From China The US House of Representatives handed sweeping laws on Thursday to subsidize the home semiconductor business because it competes with Chinese and different overseas producers, a victory for President Joe Biden and his fellow Democrats hoping to maintain their slim majority in Congress in November midterm elections. The remaining vote was 243 to 187, with one Democrat – Representative Sara Jacobs – voting current. Twenty-four Republicans joined 218 Democrats in backing the measure. Passage sends the invoice to the White House, the place Biden is anticipated to...
