While some Texas Republicans are urging Congress to pass a $250 billion CHIPS Act, Florida’s Republican U.S. senators are opposing it, arguing it will continue to drive “Biden’s inflation crisis,” is a pro-China bill and gives billions of dollars to companies with no accountability.
Proponents of the CHIPS (Creating Helpful Incentives to Produce Semiconductors) Act argue it will bolster U.S. competitiveness in the semiconductor business, reduce reliance on foreign production, and offset supply chain issues.
