Senators voted 68-30 to end debate on the $250 billion U.S.Innovation and Competition Act of 2021, and move nearer to a final vote on the legislation. (Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. The U.S. Senate on Thursday advanced a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology, as Congress increasingly seeks to take a tough line against Beijing. Senators voted 68-30 to end debate on the $250 billion U.S.Innovation and Competition Act of 2021, or USICA, and move nearer to a final vote on the legislation. The measure authorizes about $190 billion for provisions to strengthen U.S. technology in general, plus $54 billion specifically to increase production of semiconductors,microchips and telecommunication equipment.

Source: The Hindu May 28, 2021 06:34 UTC