U.S. lawmakers to open formal chips, China bill negotiations

[May 07, 2022]  WASHINGTON (Reuters) - Congressional negotiators will meet Thursday to open formal talks to hammer out a compromise measure that would fund $52 billion in semiconductor manufacturing subsidies and boost U.S. competitiveness with Chinese technology, a source told Reuters. 

A researcher plants a semiconductor on an interface board during a research work to design and develop a semiconductor product at Tsinghua Unigroup research centre in Beijing, China, February 29, 2016. REUTERS/Kim Kyung-Hoon

The Senate passed its version of the bill in June 2021, while the House passed a similar bill in February. More than 100 House and Senate lawmakers have been named to a "conference committee" that will meet for the first time Thursday to open talks. Aides say it could still take months before a final agreement is reached.

(Reporting by David Shepardson;editing by Diane Craft)

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