US President Biden signs CHIPS and Science bill into law

Createdd 2022-08-11 Hit 171

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President Joe Biden of the United States announced the signing of the bipartisan CHIPS and Science bill, calling it a “once-in-a-generation investment for America.” The act is designed to lower the cost of production to encourage and incentivize more companies to manufacture semiconductor chips on the American soil instead of moving overseas. President Biden expected that this law will create more jobs and strengthen supply chains. Click the news below for more information:

 

https://www.whitehouse.gov/briefing-room/speeches-remarks/2022/08/09/remarks-by-president-biden-at-signing-of-h-r-4346-the-chips-and-science-act-of-2022/

https://www.pbs.org/newshour/politics/watch-live-biden-signs-chips-and-science-act-to-stimulate-u-s-semiconductor-production