US Senate passes $280 billion chip bill, including nearly $52 billion in subsidies for semiconductor manufacturing

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 Titanium Media App on July 28, according to the Associated Press and the "Wall Street Journal" on July 28, the U.S. Senate passed a bill by a vote of 64 to 33 local time on Wednesday, including providing 520 to the U.S. semiconductor manufacturing industry. billions of dollars in subsidies and incentives,  According to previous estimates by the Congressional Budget Office (CBO), the chip bill will increase the government's budget deficit by $79.3 billion over the next 10 years. The draft would increase spending by $55 billion over a decade while reducing tax revenue by $24.2 billion, according to CBO estimates. There will be a substantial increase in spending on high-tech research projects.

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