Congress works to cut deal on $52 billion in funding for semiconductor industry

Key Points

  • Both the House and the Senate have passed major legislation on the chip shortage, and the effort is one of lawmakers’ final opportunities before the November elections to show voters they are addressing the nation’s strained supply chains.

  • President Joe Biden has made the semiconductor legislation a top priority, but he’ll need the support of 10 Senate Republicans, and perhaps more, to get a bill to his desk.

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