(The Guardian) Biden signs into law the $280bn Chips and science act
Joe Biden signed into law today the Chips and Science Act, providing more than $200bn to boost domestic production of semiconductor computer chips.
“American manufacturing is the backbone of our economy, and it was hollowed out,” Biden said. “We let semiconductor manufacturing go overseas, and as a result, today, we barely produce 10% of semiconductors, despite being a leader in chip design, as well as research.”
He continued: “We know there are those who focus more on seeking power than securing the future, those who seek division instead of strength and unity, who tear down rather than build up. Today’s a day for builders. Today, America is delivering.”
Joe Biden signed into law today the Chips and Science Act, providing more than $200bn to boost domestic production of semiconductor computer chips.
“American manufacturing is the backbone of our economy, and it was hollowed out,” Biden said. “We let semiconductor manufacturing go overseas, and as a result, today, we barely produce 10% of semiconductors, despite being a leader in chip design, as well as research.”
He continued: “We know there are those who focus more on seeking power than securing the future, those who seek division instead of strength and unity, who tear down rather than build up. Today’s a day for builders. Today, America is delivering.”
