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 House will soon introduce its competitiveness bill,” she said in a note to Democratic colleagues.
The announcement came just hours after Intel Corp said it would invest more than $20 billion in two new chip-making plants in Ohio in a massive manufacturing project that could benefit from federal funding in the years ahead.
President Joe Biden’s administration is pushing to persuade Congress to approve funding to help boost chip production in the United States, as shortages of the key components used in autos and computers have exacerbated supply chain bottlenecks.
“I want to see Congress pass this bill right away and get it to my desk,” Biden said. “Let’s do it for the sake of our economic competitiveness and our national security.”
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