United States: The Senate approves a text to help the semiconductor sector

United States: The Senate approves a text to help the semiconductor sector

WASHINGTON (Reuters) – The U.S. Senate on Wednesday approved a massive bill to subsidize the semiconductor industry, hoping to allow U.S. companies to compete with China and ease a recurring chip shortage. which has affected a number of sectors, such as the automobile industry.

The House of Representatives is expected to vote on the text this week, in order to send it to President Joe Biden for promulgation.

The text provides approximately 52 billion dollars (51.24 billion euros) in subsidies for the manufacture of semiconductors in the United States, as well as a tax credit of 24 billion dollars for investment in chip factories.

In addition, it authorizes the allocation of more than 170 billion dollars over five years to help American scientific research, with the objective of better competing with China – it will however be necessary that separate texts be voted by Congress to put implement this measure.

(Report Patricia Zengerle, David Shepardson and Richard Cowan; French version Jean Terzian, edited by Matthieu Protard)

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