Semiconductor

U.S. Senate Passes $76 Billion Chip Production Subsidies Bill

The U.S. Senate on Wednesday passed legislation to support the domestic semiconductor industry with over $75 billion. GlobalFoundries, Intel, Samsung Foundry, Texas Instruments, TSMC, and other companies that build semiconductor manufacturing facilities in the USA will welcome the move. The U.S. Senate approved the ‘Chips and Science’ legislation on a 64 to 33 bipartisan vote. The bill authorizes…