Biden signs $280B CHIPS act in bid to boost US over China - The Associated Press
Flanked by scores of lawmakers, union officials, local politicians and business leaders, Biden feted the legislation, a core part of his economic agenda that will incentivize investments in the American semiconductor industry in an effort to ease U.S.“The future of the chip industry is going to be made in America,” Biden said in a sweltering Rose Garden ceremony Tuesday, referring to the diminutive devices that power everything from smartphones to computers to automobiles.“The CHIPS and Science Act is going to inspire a whole new generation of Americans to answer that question: What next?” Biden said Tuesday during the signing ceremony.