This text provides the United States with a tool to respond to the economic threat posed by Beijing by investing heavily in research and development.
At a rare moment of union between the Democratic and Republican parties, the U.S. Senate passed a bill on Tuesday, June 8th, which provides for ambitious investments in science and technology, and is proposed in text form “history” Responding to the economic threat of China and its model “autocratic”.
The plan allocates more than 170 billion U.S. dollars for research and development, especially to encourage companies to produce semiconductors in the United States, currently mainly in Asia. The global shortage is hitting many key industries from automobiles to communications, which illustrates the strategic significance of this kind of production. The text was approved in the Senate by a vote of 68 to 32. It must now be explicitly approved by the House of Representatives on an undetermined date and then promulgated by Joe Biden.
China, which has been in economic war with the United States since the Trump era, is one of the few themes that the Democratic president has been part of the continuity of his Republican predecessor, because the document gained broad consensus in Congress. “If we do nothing, our days as the dominant superpower will end.”Senate Democratic Majority Leader Chuck Schumer issued a warning before voting. “This is why this article will be remembered as one of the greatest successes in recent history by Democrats and Republicans in the U.S. Senate.”
This legal project “Pave the way for the largest technology investment in generations”, He explained before. “The person who will win the future technology race”Such as artificial intelligence, quantum computing, “Will be the world economic leader”. And this nation “It will shape the world in its image”, He continued, the warning was directed at Chinese leader Xi Xinping. “Do we want this image to be democratic? Or do we want an authoritarian image, like the image President Xi wants to impose on the world?”
Senate Republican Minority Leader Mitch McConnell laments plans to leave measures ” next to” But in the end voted yes. “From critical supply chains to intellectual property and counterintelligence, it addresses key themes that will help determine the foundation of our strategy for decades to come.”, He has no statement.
Washington often accuses Beijing of engaging in industrial espionage and threatening national security. Specifically, the plan provides for $52 billion in five years to encourage the manufacture of chips and semiconductors in the United States.Parliamentarians emphasized in their speeches that the Chinese Communist Party is investing in “Remarkable, more than 150 billion”, In these technologies.
The US plan also allocated US$120 billion to the National Science Foundation, a government agency, to encourage research in various fields such as artificial intelligence that are considered key. It also includes a $1.5 billion envelope for the development of 5G, which is one of the main areas of tension between China and the United States.
For months, the Biden administration has been looking for ways to increase domestic production of a series of industrial components such as chips to reduce dependence on foreign suppliers. The President of the United States issued an executive order in February calling on federal agencies to investigate the matter within 100 days.