After passing through the Senate on Wednesday, Thursday saw the House advance the bill that will help build a stronger semiconductor industry in the U.S. By a vote of 243 to 187, the “Chips and Science” bill passed with bipartisan support. 218 Democrats voted for the bill joining 24 Republicans with one Democrat marked as present.
The “Chips and Science Bill” had bipartisan support and now heads to the White House to be signed by the president
Render of TSMC’s chip fabrication facility being built in Arizona
Congress would have to pass separate appropriation bills to fund the investments for scientific research. The Senate’s Democratic leader Chuck Schumer said, “This legislation is going to create good paying jobs, it will alleviate supply chains, it will help lower costs, and it will protect America’s national security interests.”
Senator Mark Warner, the senior U.S. senator from Virginia, said “If we had not done this, there would not be another American semiconductor manufacturing plant ever built in this country.” The senior senator from Texas, Republican John Cornyn noted that “This is a bad day for President Xi and the Chinese Communist party. The slumbering giant that is America has finally awakened to the challenge that we face from the People’s Republic of China.”
Without the bill, the U.S. GDP could have declined by 10% and the auto industry might have collapsed
The Chinese embassy in Washington said that it “firmly opposed the bill.” China called it “entrenched in the Cold-War and zero-sum game mentality and runs counter to the common aspiration of people from all sectors in China and the US to strengthen exchanges and cooperation.”
The bill is vital to the future of American technology. Senator Mark Kelly (D-AZ) said that if the U.S. loses access to chips produced in Taiwan, U.S. auto production would be crippled and the Gross Domestic Product (GDP) could drop 10%. The latter is a measure of the value of the goods and services produced in the states minus the value of the goods and services used in production.
The bill now moves to the White House where President Biden is expected to sign it.