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To: Johnny Canuck who wrote (52970)	6/10/2020 5:13:38 PM
From: Johnny Canuck	1 Recommendation Recommended By Return to Sender Read Replies (1) \| Respond to of 67692

U.S. lawmakers propose $22.8 bln in aid to semiconductor industry June 10, 2020, 04:39:00 PM EDT By Reuters Shutterstock photo June 10 (Reuters) - A bipartisan group of U.S. lawmakers on Wednesday introduced a bill that would provide more than $22.8 billion in aid for semiconductor manufacturers, aiming to spur the construction of chip factories in America amid a simmering strategic technology rivalry with China. Chip factories can cost up to $15 billion to build, with much of the expense in the form of pricey tools. The proposal would create a refundable income tax credit for semiconductor equipment, $10 billion in federal funds to match state incentives to build factories, and $12 billion in research and development funding.