Call us for Counseling - 9580048004, For Support - 8860807050.  

News in Short

Filter By Date

Filter By Date

US senate passes huge innovation bill

Date: 11 June 2021 Tags: Miscellaneous
  • The Senate approved a bill that aims to boost U.S. semiconductor production and the development of artificial intelligence and other technology in the face of growing international competition, most notably from China.
  • The centrepiece of the bill is a $50 billion emergency allotment to the Commerce Department to stand up semiconductor development and manufacturing through research and incentive programs.
  • It comes as the nation’s share of semiconductor manufacturing globally has steadily eroded from 37% in 1990 to about 12% now.