Senate bill to boost chip production, advanced technology set to move forward

WASHINGTON — After weeks of uncertainty, the Senate voted on Monday to advance a package of $280 billion in subsidies and research funding to boost US competitiveness in advanced technology.

The bill fell in the midst of partisan bickering earlier this month, but then came together in a few days, It is expected to proceed in the Senate in a procedural vote, setting up final passage on Tuesday or Wednesday. The bill restores several, but not all, of the core provisions of competition law passed by the Senate and the House over the past year.