Chips Bill Gains Steam in Senate Despite Last-Minute Lobbying

A drive in the Senate to quickly pass $52 billion in grants and incentives for US semiconductor manufacturing picked up steam in Congress despite last-minute lobbying for changes.

Senate Majority Leader Chuck Schumer said Monday that Democrats and Republicans were “hashing out the final details on a bill so we can move forward this week.”

He set a procedural vote for Tuesday.

The Biden administration, lawmakers from both parties and the semiconductor industry have called the chips incentives urgent amid a global shortage and supply chain disruptions that have affected industries including automobiles, electronics and appliances.

WATCH: The Senate is attempting to quickly pass $52 billion in grants and incentives for US chipmakers. Emily Wilkins has the details.

Source: Bloomberg

“This is a ...