US Senate to approve $52 billion for chipmakers—but not designers

The US Senate, by a vote of 64-32, on Tuesday approved a cloture motion for the CHIPS Act, ending debate on the bill and paving the way for expected Senate approval this week of $52 billion in assistance funds for semiconductor manufacturers looking to make products in the US.The bill, which still needs approval of  the US House of Representatives and President Biden to become law, would also provide a 25% tax credit for investmentWhile $2 billion of the direct assistance funds is already