Squo solves

Lawmakers are now taking action to support the U.S. semiconductor industry and remedy its supply chain shortages. On June 8, the Senate passed a bipartisan bill set to invest $52 billion over five years on incentivizing domestic research and development efforts as well as manufacturing in the chipmaker industry. This bill specifically incentivizes items such as alternatives to Chinese 5G telecommunication gear. Just over a week later, a bipartisan group of senators “proposed a 25 percent tax credit for investments in semiconductor manufacturing as Congress works to increase U.S. chip production,” .