US lawmakers to open formal chips, China bill negotiations


US lawmakers to open formal chips China bill negotiations

Congressional negotiators will meet Thursday to open formal talks to hammer out a compromise measure that will fund $52 billion in semiconductor manufacturing subsidies and enhance U.S. competitiveness with Chinese language technology, a supply instructed Reuters.

The Senate handed its model of the invoice in June 2021, whereas the House handed an identical invoice in February. Greater than 100 Home and Senate lawmakers have been named to a “convention committee” that can meet for the primary time Thursday to open talks. Aides say it may nonetheless take months earlier than a remaining settlement is reached.

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