House-Passed CHIPS Bill Heads to President's Desk
The House of Representatives passed a bill that offers tax credits and grants to semiconductor manufacturers and increases government spending on science research, on a 243-187 vote on July 28. Twenty-four Republicans voted for the bill. Rep. Sara Jacobs, D-Calif., voted present, as her family founded major chipmaker Qualcomm, which will benefit from the bill.
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The CHIPS bill will now head to President Joe Biden's desk. It no longer includes a trade title, which differed dramatically in the House and Senate versions.