News > US House Bill on Chip Investment Coming Soon: Nancy Pelosi

US House Bill on Chip Investment Coming Soon: Nancy Pelosi

Dais Newsfeed | 22/01/2022 09:07 PM | Click to read full article

The US House of Representatives will soon introduce a bill to increase US competitiveness with China and boost federal spending on semiconductors, Speaker Nancy Pelosi said.

The announcement came just hours after Intel had said it would invest more than $20 billion (roughly Rs. 1,48,800 crore) in two new chip-making plants in Ohio in a massive manufacturing project that could benefit from federal funding in the years ahead.