China Trade & Tech
Senate Commerce panel amendment favors CHIPS funding for mature tech
The Senate Commerce, Science and Transportation Committee on Wednesday approved an amendment to the Endless Frontier Act that would create an incentive program to support the domestic production of mature semiconductors. The amendment, offered by Sen. Gary Peters (D-MI), is an addition to the Creating Helpful Incentives to Produce Semiconductors in America Act, according to Peters. The CHIPS Act, passed as part of the fiscal year 2021 National Defense Authorization Act, creates programs to incentivize domestic semiconductor production, but the...