Why the potato was hot
History - 2021 - Both the Senate’s United States Innovation and Competition Act (USICA) and the House’s America COMPETES Act include, among other things, $52 billion in appropriations for the CHIPS Act that Congress authorized in the National Defense Authorization Act (NDAA) for Fiscal Year 2021. Both were rejected, primarily because of the other things.
2022 - House and Senate priorities (and McConnell) repeatedly pushed this back in the calendar.
The CHIPS Act, now the Chips and Science Act or CHIPS+, is a slimmed down bill addressing the chip funding and additional science funding. It was bipartisanly negotiated with a bit of pork barrel politics (establishing 5 new "technology hubs" to be built around the country). Still, 31 Republicans and Bernie Sanders voted against it. The House is expected to pass it by Friday.
It still faces opposition in the House -generally Democrats didn’t want to give money to profitable companies and Republicans don’t want industrial policy.