Business daily – US Senate passes bill to boost technology sector, countering China’s influence

By Nick J Adam On Jun 9, 2021

Issued on: 09/06/2021 – 10:17

The US Senate has passed a $250 billion plan to boost investment in research and technology, as it tries to counter China’s growing influence in the sector. The package seeks to shore up development of artificial intelligence and quantum computing, while earmarking more than $50 billion for production of semiconductor microchips. The bill will now be debated by the House of Representatives. China has already responded to the vote, calling the draft law a “paranoid delusion”.

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