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Taiwan chip companies hit by Covid-19: US Senate approves $250bn boost


2:24 PM
Moving forward in leaps and bounds in the technological sector, the US has approved legislation that grants around US $250 billion to ramp up research and development in Artificial Intelligence, semiconductors, and quantum computing. The move is expected to give tough competition to China who is also striving towards the same goal.
The Senate Tuesday voted for the approval of the bill by a ratio of 68-32. The ratio is evidence of the fact that the legislation to surpass China blew past the partisan division in Congress. The commercial and military competition with Beijing is now one of the few issues that unite the democrats and the republicans in the US. US recognizes the increasing reliance on Taiwan for the chips and semiconductors. The bill comes at a time when Taiwan’s industries are badly hit due the COVID-19 pandemic. ....

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FOXNEWS Outnumbered June 8, 2021 16:16:00

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