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Tribune News Service
Tribune News Service
Business
Riley Beggin

Summer deadline looms for $52 billion to boost chip production

MACKINAW ISLAND, Michigan — The final version of Congress' economic competitiveness bill including $52 billion for semiconductor chip production is still amorphous — a delay that's a cause of concern for many of Michigan's state and federal policymakers.

Those leaders are attempting to attract new electric vehicle production to the state while a global chip shortage continues to force automakers to idle plants.

If Congress can't pass the legislation before the end of July, when members go back to their districts and their efforts become trained on re-election this fall, they fear it will continue to impact competitiveness and hamper the economy.

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