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+--- Thread: Biden signs semiconductor bill boosting US competitiveness (/thread-12686.html)
Biden signs semiconductor bill boosting US competitiveness - C C - Aug 9, 2022
https://www.voanews.com/a/biden-signs-semiconductor-bill-boosting-us-competitiveness/6694655.html
INTRO: U.S. President Joe Biden has signed the CHIPS and Science Act, which aims to boost U.S. competitiveness against China by allocating billions of dollars toward domestic semiconductor manufacturing and scientific research.
“The United States must lead the world in the production of these advanced chips. This law will do exactly that,” Biden said in remarks during the signing ceremony Tuesday. The president is recovering from COVID-19 and coughed repeatedly during his remarks.
He called the bipartisan legislation a “once in a generation investment” in the country and said it will create good jobs, grow the economy and protect U.S. national security.
Biden noted stiff competition with China in the chips industry. “It’s no wonder the Chinese Communist Party actively lobbied U.S. business against this bill,” he remarked... (MORE - details)