The US Senate approved a bill for $250 billion to confront China in the technical sphere

The authors of the bill intend, in particular, to allocate $52 billion for the development of semiconductor production in the country to “combat dependence on Chinese companies and technologies.”

The US Senate approved a bill that will direct $250 billion from the country’s budget to counter China in the technical sphere. The session was broadcast on the website of the upper house of the legislature.

The initiative, which was supposed to be voted on last month, was supported by 68 senators, while 32 were opposed.

The authors of the bill intend to allocate funds from the budget for the work of NASA, the Ministries of Commerce, and energy in the field of advanced technological research. In particular, the document notes, $52 billion will be spent on the development of semiconductor production in the country to “combat dependence on Chinese companies and technologies.”

Now the initiative is sent to the House of Representatives of Congress, where a similar bill was previously introduced, but with some differences. Congressmen will now have to decide which initiative to approve.

At the same time, US President Joe Biden on Tuesday welcomed the decision of the senators to support the initiative. According to him, the bill “will help develop critical industries.” “It will allow us to discover, create and improve the most important technologies of tomorrow – from artificial intelligence, computer chips to lithium batteries used in smart devices and electric vehicles-right here in the United States,” the president said in a written statement released by the White House. “We are competing to win in the 21st century, and the starting gun has already been fired. While other countries continue to invest in their research and development, we cannot risk being left behind,” Biden said, saying he would sign the bill if the House of Representatives approves it. NASA Chief Bill Nelson and US Secretary of Commerce Gina Raimondo also expressed support for the initiative in written statements distributed.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor

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