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U.S. lawmakers begin negotiations to undertake semiconductor subsidies and Chinese technology

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Members of the US Congress will meet Thursday to fund a $ 52 billion semiconductor manufacturing subsidy and begin negotiations on a compromise that will make the United States more competitive with Chinese technology.

The Senate passed a bill in June 2021, and the House of Representatives passed a similar bill in February.

According to one source, more than 100 members of the House of Representatives and the Senate have been nominated for the first “Meeting Committee” to meet on Thursday. Parliamentary aides said it could still take months to reach a final agreement.

The continued shortage of chips has disrupted the automotive and electronics industries, forcing some companies to curtail production.

“It’s crazy that it took so long,” Senator Mark Warner told Reuters. He said other countries like Germany have announced and finalized incentives for new chips since the United States began considering incentives.

Warner said some major investments in new US chip production could be at risk without Congressional action.

On Wednesday, the Senate made more than 20 motions to direct negotiators on various issues.

The motion wasn’t binding, but it gave a sense of what the senators wanted to see in the final bill and what could prevent them from getting enough votes to become the bill. There is.

The Senate bill, approved in June, had $ 52 billion in chips and approved another $ 200 billion to boost US science and technology innovation, but then stalled in the House of Representatives.

In February, the House passed a version of the chip with $ 52 billion in funding, but with significant differences in other science and technology regulations.

The measure included many trade proposals not included in the Senate bill. The House bill will also impose additional sanctions on China.

Updated: May 7, 2022 2:53 pm

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