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As Senate passes $280 billion measure to bolster U.S. chip production, medtech industry applauds

July 27, 2022

The U.S. medical device industry hailed the Senate vote today to appropriate $280 billion over several years to increase domestic production of computer chips, including a special fund to ensure the production of older generation chips used in many medical devices.

The Senate passed the CHIPS (Creating Helpful Incentives to Produce Semiconductors) and Science Act on Wednesday, which would provide more than $52 billion toward semiconductor manufacturing in the U.S. over the next five years. Of that total, $50 billion would go toward semiconductor manufacturing, while $2 billion is earmarked specifically for producing so-called legacy chips that are often used in medical devices.

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