US House backs sweeping China competition billReuters, WASHINGTONThe US House of Representatives on Friday narrowly passed a multibillion-dollar bill aimed at increasing US competitiveness with China and boosting domestic semiconductor manufacturing, despite Republican opposition. The House bill authorizes almost US$300 billion for research and development, including US$52 billion to subsidize semiconductor manufacturing and research into the key components. The House bill also includes some pro-Taiwan provisions previously initiated by lawmakers. These include the draft “Taiwan Fellowship Act,” “Taiwan Diplomatic Review Act,” “Taiwan Peace and Stability Act” and “Taiwan International Solidarity Act,” as well as the Taiwan Allies International Protection and Enhancement Initiative (TAIPEI) Act. The ministry said it would monitor the follow-up review of the House bill and maintain close contact with friends in Congress to deepen the close partnership between the two countries.

Source: Taipei Times February 05, 2022 22:00 UTC