Last week, Congress passed a landmark $250 billion bill aimed at boosting America’s chipmaking capacity, embracing a plan that supporters say will help the U.S. take on China in this critical industry.
But what of the rest of Congress’ China plans? While expansive in its spending, the final bill dropped several measures initially planned as part of its broader set of “China competition” bills. Some experts are worried that certain dropped provisions may undercut the effectiveness of the chips legislation.
This week, The Wire looks at the CHIPS and Science Act: what made it in, what got left out, and what it means for Washington’s grand plans to compete with China and counter its influence.
WHAT WAS PASSED?
The final CHIPS and Science Act was the product of two earlier bills: the America COMPETES Act of 2022, drafted and passed by the House of Representatives, and the United States Innovation and Competition Act (USICA), drafted and passed by
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