Senate Moves to Advance $52 Billion Chips Funding Bill

Workers work inside the clean room of U.S. semiconductor manufacturer SkyWater Technology Inc where computer chips are made, in Bloomington, Minnesota, in April, 2022. SkyWater Technology/Handout via Reuters

The U.S. Senate voted to advance its Chips and Science Bill on July 26, which is aimed at boosting domestic semiconductor production and improving technological competitiveness with China.

The Senate voted to limit debate on the so-called “Chips and Science Bill,” in a 64-32 vote. It will now head to a vote and is likely be passed by the Senate, and then move to the House for a vote before going to the President’s desk for signature.