The House passed a bill Friday that Democrats say will increase U.S. semiconductor manufacturing and boost American competitiveness with China. The America Competes Act passed, 222-210, largely along party lines.
House Speaker Nancy Pelosi, D-Calif., said the bill "will ensure that America is preeminent in manufacturing, innovation and economic strength and can outcompete any nation."
The bill has a number of provisions, including $52 billion to make chips, $45 billion to improve supply chains for critical items, and $160 billion for scientific research and innovation.
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