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Bill to boost U.S. chip production and competition with China clears key Senate hurdle

Bill to boost U.S. chip production and competition with China clears key Senate hurdle

US President Joe Biden during a virtual meeting on the Chips Act in the Eisenhower Executive Office Building in Washington, D.C., US, on Monday, July 25, 2022.

Jemal Countess | Bloomberg | Getty Images

A bipartisan bill to bolster domestic semiconductor manufacturing and boost U.S. competitiveness with China has cleared a key Senate vote, setting it up for final passage in the chamber in the coming days.

The so-called cloture vote to break the…


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