US Senate approves bill that will help US compete with China in tech

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The bill, which was approved with 68 “yes” votes to 32 “no” votes in the US Senate vote, will also be voted on in the House of Representatives before going to President Joe Biden’s desk.

The fact that the bill, which has been waiting in the U.S. Senate for weeks, passes with input from Republican senators, is seen as an important indicator that Democrats and Republicans can unite to compete with China.

The plan, which was prepared for the United States to gain superiority in its technological competition with China, allocates $ 190 billion for investments in technology infrastructure and R&D, and envisions a budget of $ 54 billion. dollars for semiconductor production.

While it is pointed out that $ 2 billion of the $ 54 billion budget is earmarked for the production of chips used in automobiles and which have for some time had serious problems in their production, it is clarified that said package technology will pave the way for new investments in many areas.

Biden, on the other hand, in his written statement regarding the passage of the bill, whose next judgment is the House of Representatives, said it was a very important package and that he was impatient to sign it.

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