Biden begs Congress to pass $52 billion semiconductor bill

President Joe Biden speaks virtually during an event in the South Court Auditorium on the White House complex in Washington, Monday, July 25, 2022. Biden, who continues to recover from his coronavirus infection, spoke virtually with business executives and labor ...President Biden on Monday pleaded with Congress to pass a $52 billion payout to semiconductor manufacturers as lawmakers face a make-or-break week to get the bill across the finish line.

The White House has, for weeks, been in a full-court press to get the measure passed, urging lawmakers to shed a bevy of tough-on-China measures to get the broadly supported CHIPS Act to his desk before industry heavyweights take their money…