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US Senate nod for $280bn bill to counter China

IndiaTimes Friday, 29 July 2022
The US Senate on Wednesday passed an expansive $280-billion bill aimed at building up America's manufacturing and technological edge to counter China, embracing in an overwhelming bipartisan vote the most significant government intervention in industrial policy in decades. The plan is centered around investing federal money into cutting-edge technologies and innovations to bolster industrial, technological and military strength.
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News video: Senate Advances Massive Bill to Bolster the Semiconductor Industry

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