Democrats in the House have released the text of a wide-ranging bill that seeks to boost U.S. production of semiconductors through a new federal assistance fund totaling $52 billion over five years.
The proposed America Creating Opportunities for Manufacturing, Pre-Eminence in Technology and Economic Strength (COMPETES) bill, which leading House Democrats made public on Jan. 25, also includes additional spending to bolster U.S. producers of solar energy components.