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The Chips for America Act looks headed to a cloture vote in the Senate on Thursday.

As the $52 billion bill now stands, it includes $39 billion for semiconductor companies to “build, expand, or modernize domestic facilities.” This funding is targeted at new chip-making plants in the United States. The biggest beneficiaries, in my view, are Intel (INTC), down 0.24% today as of 1 p.m. New York time, and chip equipment makers ASML Holding (ASML), up 1.26%, and Applied Materials (AMAT), up 2.83%. Applied Materials is a member of my long-term 50 Stocks Portfolio.

The bill also includes $11 billion for research and development. This money will go to chip designers such as Nvidia (NVDA) and Advanced Micro Devices (AMD) that use other companies–Taiwan Semiconductor Manufacturing (TSM) in the main–for manufacturing. Today Nvidia was up 2.89% and Advanced Micro Devices was ahead 2.08%. Taiwan Semiconductor was off 0.07%.

A final $2 billion more will help fund other areas of the semiconductor industry such as education, defense, and innovation.