US lawmakers to open formal chips, China bill negotiations


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US lawmakers to open formal chips China bill negotiations

Congressional negotiators will meet Thursday to open formal talks to hammer out a compromise measure that would fund $52 billion in semiconductor manufacturing subsidies and boost U.S. competitiveness with Chinese technology, a source told Reuters.

The Senate passed its version of the bill in June 2021, while the House passed a similar bill in February. More than 100 House and Senate lawmakers have been named to a “conference committee” that will meet for the first time Thursday to open talks. Aides say it could still take months before a final agreement is reached.

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