T he Senate passed legislation to spend $280 billion in subsidies for semiconductor manufacturing and scientific research to help the United States compete technologically with China . The CHIPS Act passed in a 64-33 vote and will now head to the House, where lawmakers will consider the legislation with the goal of sending it to President Joe Biden before Congress's August recess. The bill will provide billions of dollars to fund innovation and factory construction. Most notable, it will provide $52 billion in subsidies to semiconductor factory projects around the country. "I took a moment today to watch the Senate...