WASHINGTON: A bipartisan group of lawmakers on Thursday introduced a measure aimed at strengthening chip manufacturing in the United States, adding to efforts to champion the sector and lure high tech supply chains back into the United States.
An additional US$5 billion would be allocated as grants to federal agencies to foment research and development in the sector. However, the bill will be introduced as a standalone on Monday as well to bolster its chances, a Senate aide said.While approval is far from guaranteed in politically gridlocked Washington, the amendment is part of a growing bipartisan campaign to fuel growth of U.S. chip foundries, as the industry's center of gravity has shifted to Asia.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US National Guard activated and on standby to help protect Washington monumentsWASHINGTON (REUTERS) - Hundreds of unarmed Washington DC National Guard troops were activated and on standby to assist law enforcement personnel with protecting some historical monuments, US officials said on Wednesday (June 24), after protesters tried to tear down a statue of former President Andrew Jackson in a park near the White House.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
US claims Regeneron paid kickbacks via charity to boost expensive drugThe U.S. Justice Department on Wednesday sued Regeneron Pharmaceuticals Inc , accusing it of using a charity that helps cover Medicare patients' ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Trump visa freeze delivers blow to US tech sectorThe US tech sector is likely to be hit hard by President Donald Trump's decision to extend a freeze on most immigrant visas, with critics saying the move could undermine American innovation and leadership. The move could deal a blow to Silicon Valley and the rest of the tech sector, which has long
Source: YahooSG - 🏆 3. / 71 Read more »
US Covid-19 court cases against China could cast shadow on bilateral ties: China Daily contributorIn the article, the writer says that if the US Congress clears the way for US courts to exercise jurisdiction over the lawsuits against China, it would constitute a flagrant violation of the principle of state sovereignty.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
US women's team denied bid for immediate appeal in equal pay claimsNEW YORK: The U.S. women's national soccer team's bid to immediately appeal the dismissal of their equal pay claims against their national ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US involvement in Asia crucial to maintain deterrence: Yomiuri ShimbunIn the editorial, the paper says that it is necessary to improve joint proficiency between the US and Japan through repeated exercises and to constantly review the latter's role.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »