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Biden Signs Chips Bill, Unleashing Funding for US Production (1)

Aug. 10, 2022, 8:26 AM

President Joe Biden signed into law a broad competition bill Tuesday that includes about $52 billion to boost domestic semiconductor research and development, calling it a “once-in-a-generation investment in America itself.”

“We need to make these chips here in America to bring down everyday costs and create jobs,” said Biden at a signing ceremony for the CHIPS and Science Act on the White House South Lawn, joined by executives from US semiconductor firms and congressional leaders.

President Joe Biden says the US needs to make more advanced chips.
Source: Bloomberg

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