House bill crafted to boost Western Hemisphere semiconductor supply chains

A new House bill would increase U.S. investment in Western Hemisphere semiconductor mining and testing, which its sponsors say would complement domestic production spurred by the CHIPS and Science Act. The “ Semiconductor Supply Chain Security and Diversification Act ,” introduced on Tuesday by Reps. Greg Stanton (D-AZ) and Dusty Johnson (R-SD), would direct the U.S. International Development Finance Corporation to “invest in ‘downstream’ (critical mineral mining and processing) and ‘upstream’ (testing and packaging) parts of the semiconductor supply chain...