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US Senate Passes ‘CHIPS and Science’ Act to Strengthen US Tech Industry Against China

The US Senate on Wednesday passed a bipartisan bill that commits $280 billion over five years to the US semiconductor industry and scientific research in several strategic high-tech disciplines. The vote in favor of this financing, by 64 votes against 33, expressed the unity of Democrats and Republicans in favor of the intensification of the economic and military aggression of the United States against China.

The legislation, called the Flea Law and Science (CHIPS and Science Act), will provide $52 billion in grants and tax credits to chipmakers to develop or build new facilities in the United States and $200 billion for research into artificial intelligence, robotics and quantum computing and other technologies.

Seventeen Republicans voted with 47 Democrats to pass the bill and send it to the House, where House Speaker Nancy Pelosi said it would pass quickly. President Biden said the law CHIPS and Science was a top priority of the administration and that he would sign her as soon as possible.

The alliance of Democrats and Republicans has backed a bill that directly expresses the US ruling establishment’s domestic and foreign policy goals for a great-power conflict with China.

Senate Majority Leader Charles Schumer (Democrat, New York), who has been working on the bill for three years, said semiconductor companies could fend for themselves “on their own” in the 1970s and 1980s. He added: “But in the 21st century, with countries like China and Germany investing heavily, we could sit on the sidelines and who would lose? American workers, American economic dominance and our national security”.

Chuck Schumer, Senate Majority Leader (AP Photo/Jose Luis Magana)

Schumer’s reference to American workers is, of course, entirely cynical. He knows full well that massive investment in America’s high-tech industries will benefit American companies and the Pentagon, not the working class. A reliable supply of advanced semiconductors is necessary for manufacturers of high-tech and “smart” weapons systems, as well as for the automotive industry and the computer industry in general.

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