House Sends $52 Billion Chip Bill to Biden for His Signature

The US House of Representatives passed a bill that includes $52 billion in grants and incentives for domestic semiconductor manufacturing, sending it to President Joe Biden for his signature and delivering a win for his administration more than a year after legislation was first introduced in Congress.

“This legislation is a major victory for American families and the American economy,” House Speaker Nancy Pelosi said in a statement before the vote. “Once enacted, the Chips and Science Act will bolster our nation’s production of semiconductor chips -- reinvigorating American manufacturing and creating nearly 100,000 good-paying, union jobs.”

Earlier: Chipmakers Get ...