House approves $52 billion for chips

Vehicles are assembled and tested April 14, 2021, at the Rivian plant in Normal, Ill. Passage of the CHIPS and Science Act marks a major win for the automotive industry, which has struggled for the last two years under a global shortage of chips, and for national security advocates who say the U.S. is falling behind its chief economic rival, China. Brian Cassella/Chicago Tribune/Tribune News Service

WASHINGTON (TNS) — The U.S. House approved $52 billion in subsidies and $24 billion in tax credits for the computer chip industry Thursday, despite fierce opposition from Republican leadership incensed by a last-minute Democratic maneuver Wednesday night.

The bill, which passed 243-187, will now head to President Joe Biden, who has said he plans to sign it. Among the yes votes were 24 Republicans, among them Michigan Reps. Peter Meijer and Fred Upton, and New York Rep. Chris Jacobs of Orchard Park.

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