The voted in a rare broad bipartisan majority to pass a $280 billion bill to fund domestic semiconductor chip manufacturing and boost competitiveness with . In a 64-33 vote the Senate advanced a bill, known as CHIPS-plus, that has been in the works for over a year. The bill now moves toward the House where it is expected to pass. The package includes $52 billion in funding for U.S. companies to produce computer chips as well as a 25 percent tax credit for companies who invest in the market. It includes $39 billion for chip manufacturing companies to expand and modernize their technologies and $11 billion for the Commerce Department for research and development. It includes another $81 billion for the National Science Foundation.
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