The Senate passed a bipartisan $280 billion bill to boost tech production and development in a bid to compete with China. See potential bias and similarities in coverage from FoxNews, NBCNews and rollcall: CHIPSAct Semiconductors
The bill, called the CHIPS Act of 2022, includes, as well as roughly $200 billion for research into technologies like artificial intelligence, robotics, quantum computing, and more.including Senate Minority Leader Mitch McConnell and Sen. Todd Young , who said, “by passing this CHIPS-Plus bill, we are confronting the challenges of today and building a prosperous and secure tomorrow for all Americans.
” Senate Majority Leader Chuck Schumer called the bill “momentous,” and Sen. Mark Kelly said it would create “tens of thousands of jobs.” Meanwhile, opponents like Sen. Bernie Sanders and Sen. Mike Lee argued the bill’s investments amounted to “corporate welfare” and would help fuel inflation.Coverage was initially more prominent in left-rated outlets but was drowned out across the spectrum by news of the Federal Reserve’s interest rate hike.
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