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U.S. Senate readying legislation on semiconductors, Biden says
( go to the article → https://datafloq.com/read/us-senate-readying-legislation-semiconductors-biden-says/13745 )
By David Shepardson and Jeff Mason WASHINGTON (Reuters) -U.S. Senate leaders are preparing to introduce legislation on semiconductors, President Joe Biden said on Wednesday as the nation wrestles with an ongoing shortage of the critical technology used in a range of devices from cars to computers. "We're working on that. (Senate Majority Leader) Chuck Schumer and, I think, (Senate Republican Leader Mitch) McConnell are about to introduce a bill along those lines," Biden said during remarks about his own plan to boost the nation's infrastructure. Schumer and McConnell's offices did not immediately comment. The White House is set to hold a virtual summit on the issue on Monday that is expected to include senior U.S. auto executives, including Ford Motor Co Chief Executive Jim Farley and General Motors Co Chief Executive Mary Barra, ...Read More on Datafloq
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