U.S. markets open in 5 hours 38 minutes
  • S&P Futures

    4,299.75
    -8.00 (-0.19%)
     
  • Dow Futures

    34,083.00
    -35.00 (-0.10%)
     
  • Nasdaq Futures

    13,609.50
    -48.75 (-0.36%)
     
  • Russell 2000 Futures

    2,020.90
    -2.40 (-0.12%)
     
  • Crude Oil

    86.77
    +0.24 (+0.28%)
     
  • Gold

    1,789.60
    -0.10 (-0.01%)
     
  • Silver

    20.03
    -0.05 (-0.27%)
     
  • EUR/USD

    1.0164
    -0.0007 (-0.07%)
     
  • 10-Yr Bond

    2.8240
    0.0000 (0.00%)
     
  • Vix

    19.73
    -0.22 (-1.10%)
     
  • GBP/USD

    1.2092
    -0.0003 (-0.02%)
     
  • USD/JPY

    134.8190
    +0.6040 (+0.45%)
     
  • BTC-USD

    23,881.82
    -119.77 (-0.50%)
     
  • CMC Crypto 200

    570.08
    -1.84 (-0.32%)
     
  • FTSE 100

    7,539.68
    +3.62 (+0.05%)
     
  • Nikkei 225

    29,222.77
    +353.86 (+1.23%)
     

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

·1 min read

WASHINGTON, July 13 (Reuters) - U.S. Secretary of Commerce Gina Raimondo said on Wednesday that lawmakers appear to be moving to carve off $52 billion in semiconductor chips manufacturing subsidies from a larger bill on boosting U.S. competitiveness with China.

"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. (Reporting by David Shepardson; Editing by Leslie Adler)