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 E-Merchants Trade Council, Inc.

Simplifying Global E-commerce 

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Chips Plus- Possible Vote This Week

Sun, July 24, 2022 1:45 PM | Karen Kelly (Administrator)

Chips Plus passed the first Senate hurdle last week.  A second Senate vote is needed. The House must also pass it. The House goes to August recess on July 27.   The bill as written includes $52Billion of unfunded chips factory funding (ie to Intel, Samsung, Taiwan Semiconductor), tax credits and authorization of "science agencies" among other not defined areas.  Sen Schumer (D-NY) has stated that Chips will benefit upstate New York. The question is increasing debt versus re-shoring chips production.

US Senate Passes CHIPS Act Temperature Check, but Challenges Linger (hpcwire.com)

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