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U.S. House leaders set to unveil chips, China competition bill -Breaking

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© Reuters. FILEPHOTO: President Joe Biden speaks with a semiconductor chip in his hand before signing an executive directive. The order is aimed at solving the global shortage of semiconductors in February at the White House.

WASHINGTON (Reuters] – The U.S. House of Representatives is set to present a bill on Tuesday to improve U.S. competivity with China, according to aides to Reuters.

As supply chains have become more complicated due to shortages of key components for computers and automobiles, President Joe Biden’s government is trying to get Congress to fund chip production.

Senate approved the U.S. The U.S. Innovation and Competition Act was passed by the Senate last year. It includes $52 million to boost U.S. semiconductor production and $190 billion for U.S. research and technology to rival China.

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