A bipartisan bill to boost America’s ability to compete with China is expected to pass the Senate on Tuesday afternoon, providing a rare glimpse of congressional cooperation – but also “vindication” for several politicians who’ve long warned of the threats emanating from Beijing.
The sweeping legislation aims to boost America’s ability to compete with Chinese tech by allocating about $190 billion to strengthen U.S. technology and research – as well as $54 billion more to increase production of semiconductors, which are in short supply, and telecommunications equipment that can rival China’s 5G wireless tech.
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