Senate aims to boost tech industry in competition with China

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WASHINGTON (AP) — The Senate is on pace to approve legislation aiming to boost semiconductor production in the U.S. The bill is a bid to protect economic and national security in the face of growing competition internationally, most notably from China. The centerpiece of the bill is a $50 billion emergency allotment to the Commerce Department to stand up semiconductor development and manufacturing through research and incentive programs previously authorized by Congress. Support for the bill demonstrates how confronting China economically is a mission that unites both parties in a divided Congress. 

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