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United States Economy

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US SENATE LEADER CHUCK SCHUMER PROPOSES $52 BN FOR PRODUCTION & R&D OF CHIP IN US

Published On 20 May 2021 04:00 AM


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Highlights

• Unveiling the proposal, Schumer said “American manufacturing has suffered rather dramatically from a chip shortage.”

• Along with boosting chip production, this proposal also includes $49.5 billion in emergency supplemental appropriations to fund the chip provisions

In order to approve $52 billion towards significantly boost production of semiconductor chip in the United States a....


Tags : US, Semiconductor Industry, Chuck Schumer, US economy, ,
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