Federal support for semiconductor manufacturing may be on the way.
By the end of next month, the U.S. House of Representatives expects to vote on a bill that could help to spur domestic production of semiconductors.
Introduced Jan. 25 as a response to the Senate's U.S. Innovation and Competition Act — which passed that chamber in June — the America Competes Act is intended to spur U.S. manufacturing, strengthen the manufacturing sector to better compete with China and address supply chain concerns.
While there are several key differences between the two proposed pieces of legislation — namely the House's elimination of $200 billion for technological innovation and scientific research — each includes $52 billion to support U.S. semiconductor manufacturing.
House Speaker Nancy Pelosi, D-Calif., called the America Competes Act "bold, results-oriented legislation."
"The America Competes Act reflects a whole-of-House effort, involving the deep expertise of chairs, members and staff across our committees to produce a historic bill that will be most effective at strengthening our competitiveness at home and abroad," Pelosi said. "Now is the time to recommit to boldly and strategically investing in our nation's future, and to do so in a way that strengthens the supply chain, lowers costs and ensures that America can out-compete any nation, today and for decades to come."