WASHINGTON—The House of Representatives will take up a bill next week aimed at increasing competitiveness with China and supporting the U.S. chip industry, including $52 billion to subsidize semiconductor manufacturing and research.
House Majority Leader Steny Hoyer said on Friday that the House would vote on the 2,900-page bill, called the “America Competes” act, saying it would “make further strides in innovation, technology, and advanced manufacturing.” The bill also authorizes $45 billion to support supply-chain resilience and manufacturing of critical goods, industrial equipment, and manufacturing technology.
