February 5, 2023

Rocky Daily News

Colorado Politics-Sports-Business-Weather

Biden to sign CHIPS act to help semiconductor manufacturers

1 min read


The White House hopes to ease U.S. reliance on countries such as China for parts needed to manufacture cutting-edge technology.

WASHINGTON — 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.

2022-08-09 08:38:47

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