Reuters reported exclusively that a group of U.S. senators are close to unveiling a $52 billion proposal that would significantly boost U.S. semiconductor chip production and research over five years. The senators have been negotiating a compromise measure to address the issue in the face of rising Chinese semiconductor production and shortages impacting automakers and other U.S. industries.
Business & Finance
Reuters exclusively reports U.S. senators close to announcing $52 bln chips funding deal
14 May 2021, 3:48 pm 1 minute
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Technology
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story