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347 views • August 1, 2022

House Passes $280 Billion CHIPS Act Without China Provision, Sending Bill to Biden's Desk

NTD News
NTD News
The U.S. House of Representatives passed the CHIPS and Science Act on July 28, allocating funding for a bill now nearly two years old. The new legislation, which is now headed to President Joe Biden's desk for signing, will allocate $250 billion in subsidies, tax breaks, and research grants to prop up the domestic semiconductor industry.
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