US President Joe Biden signing the Chips and Science Act of 2022 during a ceremony on the South Lawn of the White House on Tuesday. Photo: Bloomberg
Biden signs law authorising US$53 billion in subsidies for semiconductor makers in US
- The Chips and Science Act used competitive concerns about Chinese technology as rationale for financing US-based semiconductor manufacturing
- ‘China is trying to move way ahead of us’ in producing chips needed for weapons systems, Biden says
US President Joe Biden signing the Chips and Science Act of 2022 during a ceremony on the South Lawn of the White House on Tuesday. Photo: Bloomberg
