Daniel Clifton, head of Washington research at Strategas, joins Yahoo Finance Live to discuss the ongoing chip shortage and how U.S. lawmakers are trying to address it through the CHIPS Act. Read More...
Associated Press
Schumer readies vote on scaled-back computer chips bill
Senate Majority Leader Chuck Schumer is telling senators to expect an initial vote as early as Tuesday on scaled-back legislation that would provide grants, tax credits and other financial incentives for companies that build semiconductor manufacturing plants in the U.S. Both the House and Senate have passed sweeping bills that included numerous trade provisions, additional dollars for research and called for the development of regional technology hubs across the country. Lacking a larger agreement, Schumer, D-N.Y., will move to take up a “limited competition bill” that includes the $52 billion in financial incentives and research that was at the heart of the bills passed in the House and the Senate.
