Biden signs CHIPS and Science Act, unleashing subsidies for US semiconductor production
Biden signs CHIPS and Science Act, unleashing subsidies for US semiconductor production
By Jenny Leonard and Jordan Fabian | Bloomberg
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…