China bill accused of being ‘corporate welfare’ as semiconductor lobby ramps up spending ahead of passage NEWYou can now listen to Fox News articles! Republicans are split on a major bill aimed at boosting the U.S. semiconductor industry, with some alleging that the legislation reeks of corporate welfare and others arguing it’s key to helping the U.S. compete with China. The legislation cleared a procedural vote 64-34 Tuesday night, with 16 Senate Republicans voting for it. The base of the bill is $52 billion in funding for the U.S. semiconductor industry, which makes computer chips that power everything from cars...