Biden to sign $280B CHIPS act in bid to boost US over China

Biden to sign $280B CHIPS act in bid to boost US over China

2 years ago
Anonymous $33nAR-2OaA

https://apnews.com/1f8c7901c14c1894856c98968f2b837a

WASHINGTON (AP) — President Joe Biden is preparing to sign a $280 billion bipartisan bill to boost domestic high-tech manufacturing, part of his administration's push to boost U.S. competitiveness over China.

The Rose Garden ceremony on Tuesday will include lawmakers, union officials, local politicians and business leaders, the White House said, as the president looks to highlight a new law that will incentivize investments in the American semiconductor industry in an effort to ease U.S. reliance on overseas supply chains for critical, cutting-edge goods.