Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Factions' statement: The attendees agreed to support and continue implementing the ceasefire agreement measures, including the withdrawal of the occupation and lifting the siege.
Factions' statement: Calling for an end to all forms of torture and violations against prisoners in occupation prisons and the necessity of obligating the occupation to do so.
Statement: The current moment is crucial, making the meeting a true turning point toward national unity in defense of our people and their right to life, dignity, and freedom.
Factions' statement: Call for an urgent meeting of all Palestinian forces and factions to agree on a national strategy.
Factions' statement: Continuing joint work to unify visions and positions to confront the challenges facing the Palestinian cause.
Statement of the factions: Emphasis on the unity of the Palestinian political system and the independent national decision.
Statement: Approval to establish an international committee to oversee the financing and implementation of the reconstruction of the Gaza Strip.
Statement: The committee is responsible for managing life and services in cooperation with Arab brothers and international institutions, based on transparency and accountability.
Resistance factions' statement: Agreement to hand over the administration of the Gaza Strip to a temporary Palestinian committee of independent technocrats.
Al Mayadeen's correspondent: Two people martyred in the Israeli airstrike that targeted a vehicle in Toul.

Biden begs Congress to pass $52 billion semiconductor bill

  • By Al Mayadeen English
  • Source: Agencies
  • 26 Jul 2022 08:33
2 Min Read

President Biden urged Congress to enact a $52 billion payout to semiconductor manufacturers.

  • x
  • Biden begs Congress to pass $52 billion semiconductor bill.
    Biden begs Congress to pass $52 billion semiconductor bill.

President Biden pushed Congress to pass a $52 billion payout to semiconductor manufacturers on Monday, as lawmakers face a make-or-break week in order to pass the bill.

For weeks, the White House has been pressing senators to drop a slew of tough-on-China measures in order to get the widely supported CHIPS Act to his desk before industry heavyweights take their money elsewhere.

“Congress must pass this bill as soon as possible,” Biden said Monday during a virtual roundtable with CEOs and cabinet leaders who spoke of the economic and national security imperative of getting the bill through.

“Listen to the business leaders here today and across the country,” he said. “They’re making decisions right now about where to invest and ramp up production of these semiconductors. Are they going to invest in China, India, Japan, South Korea, and the European Union? The United States has to lead the world in the production of these chips.”

Related News

Active US troops could miss a paycheck as $925bln defense bill passes

US Senate votes to repeal Middle East war laws

The bipartisan bill, dubbed "Chips-plus", includes more than $50 billion in semiconductor manufacturing funding over the next five years, as well as a 25% tax credit for new chip production through 2026.

This comes after Speaker Nancy Pelosi revealed that the US Senate was prepared to review a semiconductor chips bill with the aim to help raise American competitiveness.  

The Senate voted by a large margin to start the debate on legislation to give more than $52 billion in grants to the US semiconductor industry.

"With this package, the United States returns to its status as a world leader in the manufacturing of semiconductor chips," she said in a press release, adding that this is "an economic necessity to lower costs for consumers and to win in the 21st-century economy, as well as a national security imperative as we seek to reduce our dependence on foreign manufacturers." 

Read next: US companies have few days supply of semiconductors: US govt

  • Congress
  • Washington
  • Joe Biden

Most Read

From previous scenes of the Qassam Brigades targeting an Israeli D9 bulldozer with a Yassin 105 shell, east of Deir al-Balah. (Military Media of the Qassam Brigades)

US knew fatal Rafah blast cause was not Hamas op., says journalist

  • Politics
  • 20 Oct 2025
'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

  • Technology
  • 24 Oct 2025
Abu Hamza, the spokesperson for the Al-Quds Brigades, during a speech televised on October 22, 2025 (Al-Quds Brigades Military Media)

Al-Quds Brigades' Abu Hamza mourns leaders, vows continued resistance

  • Politics
  • 22 Oct 2025
US missionary kidnapped in Niger capital, suspected taken toward Mali

US missionary kidnapped in Niger capital, suspected taken toward Mali

  • Africa
  • 23 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Flags of Iran, Russia, and China (IRNA)
Politics

Russia, China, Iran send joint letter to IAEA on Resolution 2231 end

Rubio says UNRWA to play no role in Gaza aid deliveries
Politics

Rubio says UNRWA to play no role in Gaza aid deliveries

Tents are seen at UN school used as a shelter for displaced Palestinians in Khan Younis, Tuesday, September 30, 2025. (AP Photo/Jehad Alshrafi)
Politics

UN warns of 'lost generation' amid Gaza education crisis

x
Politics

White House pushes to repeal US sanctions on Syria: Report

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS