Senate acts to launch formal talks on China competition bill

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The Senate took action on Wednesday to begin formal talks on a bill that will allot $52 billion for semiconductor chip production and supply chain issues and to help boost competition with China.

Moov Technologies CEO Steven Zhou explains how his company is able to help alleviate the problem.

Raimondo urged Congress to negotiate and move "as swiftly as possible to get a final version of the bill to President Biden's desk."CLICK HERE TO READ MORE ON FOX BUSINESS "One of the reasons the price of cars have gone up, the price of some electronic goods has gone up, is we have a shortage of semiconductors, where it's too dependent on Taiwan and South Korea," Rep. Ro Khanna, D-Calif.,last month. "We need to make those have those good, high paying jobs here in the United States so that we also aren't dependent on shipping those products for thousands of miles.

 

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