U.S. Senate tries again on computer chip bill to compete with China

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Reuters

By Patricia Zengerle WASHINGTON (Reuters) -The U.S. Senate is due to vote later on Tuesday on a slimmed-down version of legislation to provide $52 billion in subsidies and tax credits for the computer chip industry, over a year after passing its first version of a bill boosting semiconductor competition with China. The bill is part of U.S. efforts to address an industry-wide chip shortage that has disrupted production in the automotive and electronics industries, forcing some firms to scale back production. Senate aides said the bill would include a new, four-year 25% tax credit to encourage c…

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