A bill sponsored by Senator John Cornyn of Texas to boost domestic production of computer chips has passed the U.S. Senate. The bill now goes to the House of Representatives, where it's expected to win approval before lawmakers go on their summer break in August.
The CHIPS Act includes funding and tax credits to help companies design and build semiconductor manufacturing facilities in the United States.
"This funding will help kick-start the development of these microprocessors - these chips that go into everything from your cell phone to the F-35 to Javelin and Stinger missiles that we send to Ukraine to defend their country from Russian aggression," Senator Cornyn said. "This bill could create 185,000 jobs each year as these new facilities are constructed."
Sen. Cornyn also said that producing computer chips in the U.S. could help prevent disruptions in the supply chain and improve national security. He's urging the House of Representatives to act quickly on the bill.
"Chip manufacturers are watching Congress and waiting to see if this bill passes before they decide where to build new fab manufacturing facilities," he said.
Related
LISTEN on the Audacy App
Sign Up and Follow NewsRadio 1080 KRLD