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Senate votes to advance bill to subsidize U.S.-made semiconductor chips

The Senate votes to advance a bill that would provide $52 billion in subsidies to domestic semiconductor manufacturers. The bill would also invest billions in science and technology innovation. Semiconductor chips are used many products, including vehicles and cellphones, medical equipment and military weapons. If the Senate passes the bill, as expected, it would then move to the House, where Speaker Nancy Pelosi has said it has the support for passage. President Biden has said the chips funding legislation is one of the top priorities on his agenda, and he convened a virtual meeting Monday with a group of business and labor leaders to discuss the bill’s importance. The White House says the U.S. used to make 40 percent of the world's chips but now makes about 12 percent.

The Senate advance of the bill Tuesday came after months of debate and setbacks. Several key Republican senators still voted no, including retiring Sens. Richard C. Shelby (Ala.) and Patrick J. Toomey (Pa.) Sen. Tommy Tuberville (R-Ala) also voted against advancing the bill. Pelosi has vowed to move quickly on the bill once it arrives in the House.