U.S. lawmakers look to carve off chips funding to speed passage – Raimondo

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“Things seem to be coalescing around the path of chips, or maybe chips plus a thing or two, and getting it done this month,” Raimondo told Reuters in a telephone interview. “It seems like that’s what Congress is coalescing around.”

A smaller bill could also include investment tax credits for semiconductor manufacturing, she said, but emphasized that discussions are very fluid. “That is a good outcome because the worst outcome is getting nothing done by Aug. 4,” when Congress leaves for summer recess, she said.