Biden signs CHIPS bill, in bid to supercharge US semiconductor production
https://techcrunch.com/2022/08/09/biden-signs-chips-bill-in-bid-to-supercharge-us-semiconductor-production/
After initial setbacks with its earlier iteration, the CHIPS and Science Act of 2022 sailed through both chambers of Congress, early this week. The bill, which held uncharacteristically broad bipartisan support, hit some unexpected roadblocks in its last 24 hours in Congress, but still managed a wide margin of victory at 64-33 in the Senate and 243-187 in the House. The bill was signed into law during an event on the White House’s South Lawn.
The President was joined by Speaker of the House Nancy Pelosi, Senate Majority Leader Chuck Schumer, Gina Raimondo and SparkCharge founder/CEO Joshua Aviv, who spoke about the act’s impact on his Syracuse-based EV startup. “For years, my industry has been at the mercy of the supply chain,” Aviv said, before explaining the company manufacturers its parts in Buffalo, NY. “This new law gives people like me a chance and allows us to grow our businesses.”