The invoice appropriates almost $250 billion for science and know-how in a bid to counter China’s rise. It had robust bipartisan assist — an indication of how giant the perceived risk from China looms.
RACHEL MARTIN, HOST:
So the Senate did one thing outstanding yesterday. It handed a invoice with robust bipartisan assist, and it is a huge one. The Innovation and Competitors Act of 2021 unlocks almost $250 billion in funding for science and know-how within the U.S. It is designed to counter China’s rising energy in these areas. NPR China affairs correspondent John Ruwitch studies.
JOHN RUWITCH, BYLINE: The invoice handed with greater than two-thirds of the Senate in favor, which highlights the extent of alarm over China’s burgeoning tech prowess.
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CHUCK SCHUMER: The world is extra aggressive now than at any time for the reason that finish of the second world struggle.
RUWITCH: Senate Majority Chief Chuck Schumer was a key sponsor and led the cost to get it handed.
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SCHUMER: If we do nothing, our days because the dominant superpower could also be ending. We do not imply to let these days finish on our watch. We do not imply to see America changing into a middling nation on this century. We imply for America to guide it.
RUWITCH: The invoice pours near $200 billion into science and know-how analysis and improvement by means of grants, scholarships and different channels. It additionally allocates $52 billion in emergency funding to spice up semiconductor manufacturing in America. Michael Santoro, a enterprise college professor at Santa Clara College, likes the essential analysis funding however says the cash for semiconductors is misguided. The U.S. already leads in chip design, and most cutting-edge microchips are manufactured in Taiwan and South Korea, each U.S. pals.
MICHAEL SANTORO: We’re zagging on the exact second the place we needs to be zigging. So what’s it that makes America robust? Not industrial coverage.
RUWITCH: He thinks China will in all probability see the invoice as ineffectual. It additionally will not change Beijing’s considering.
SANTORO: Why would you modify when your competitor, you recognize, has instructed you that they are afraid of you and so they’re beginning to mimic your ways?
RUWITCH: The White Home put out an announcement saying President Biden applauded the passage of the invoice. Now it heads to the Home for consideration.
John Ruwitch, NPR Information.
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