Schumer plans classified briefing for US senators to address chip shortage
wants Congress to move quickly, noting Intel Corp announced it will invest $20 billion to open semiconductor factories in Ohio "and that could expand to as much as $100 billion" if Congress passes chips subsidies.The Senate legislation, passed in June 2021, included $52 billion for chips subsidies and authorized another $200 billion to boost U.S. scientific and technological innovation to compete with China.
A researcher plants a semiconductor on an interface board during a research work to design and develop a semiconductor product at Tsinghua Unigroup research centre in Beijing, China, February 29, 2016.
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