spot_imgspot_img

Biden may sign CHIPS permitting reform bill

spot_img

(The Center Square) – President Joe Biden could sign legislation that would speed up the permitting process for semiconductor facilities.

The United States House of Representatives passed “The Building Chips in America Act of 2023” by a 257-125 vote after originally passing the Senate unanimously.

The effort led by Arizona Democratic Sen. Mark Kelly and Texas Republican Sen. Ted Cruz and a bipartisan handful of lawmakers is intended to make it easier for the facilities that have been allocated federal funding to get their plants operating sooner.

“I’m proud to have led this effort with Senator Mark Kelly to streamline environmental permitting for semiconductor factories, a crucial step in onshoring jobs and making our country less dependent on China for semiconductors critical to national defense,” Cruz said in a statement.

Kelly said it is a “crucial step in onshoring jobs” and decreasing the reliance on China for chips. A significant portion of the semiconductor supply chain is located in the island nation of Taiwan.

Earlier on Tuesday, the White House announced the last allocation of the CHIPS and Science Act of 2021 awards to Polar Semiconductor in Minnesota.

“Today’s announcement that the Department of Commerce has finalized the first commercial CHIPS Incentives award with Polar Semiconductor marks the next phase of the implementation of the CHIPS and Science Act, and demonstrates how we continue to deliver on the Investing in American agenda,” Biden said in a statement.

The Center Square reported that the bill’s movement comes as the industry continues to face construction and labor hurdles, including training enough skilled workers to staff the plants.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

New York Supreme Court throws out busing lawsuit ending 11-month saga

(The Center Square) – The New York Supreme Court...

Legislators urge EPA to continue Chesapeake Bay restoration efforts

(The Center Square) — Legislators from the Mid-Atlantic region...

Everyday Economics: Count your blessings – the U.S. economy outperforms

Although consumer sentiment, as measured by the University of...

Texas Board of Education passes Bluebonnet Learning curriculum

(The Center Square) – The State Board of Education...

Locked-In Pt. 1: Trapped Inside Your Own Body

At age 28, Jacob Haendel was diagnosed with a...

University of Maryland to offer “Intro to Fat Studies” course

(The Center Square) – The University of Maryland is...

More like this
Related

New York Supreme Court throws out busing lawsuit ending 11-month saga

(The Center Square) – The New York Supreme Court...

Legislators urge EPA to continue Chesapeake Bay restoration efforts

(The Center Square) — Legislators from the Mid-Atlantic region...

Everyday Economics: Count your blessings – the U.S. economy outperforms

Although consumer sentiment, as measured by the University of...