US Senate Approves $52 Billion Chips Bill in Bid to Reach Compromise

US Senate Approves $52 Billion Chips Bill in Bid to Reach Compromise
Semiconductor chips on a circuit board of a computer in a photo illustration taken on Feb. 25, 2022. Florence Lo/Reuters
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WASHINGTON—The U.S. Senate on Monday again approved a bill to provide $52 billion in U.S. subsidies for semiconductor chips manufacturing in a bid to reach a compromise after months of discussions.

The 68–28 procedural vote sends the legislation back to the House of Representatives in a cumbersome process to ultimately launch a formal process known as a “conference” where lawmakers from both chambers will seek agreement on a compromise version.