President Joe Biden will sign the $280 billion chips and science bill into law on Tuesday, and deliver remarks, the White House announced Wednesday. The...
President Joe Biden will sign the $280 billion chips and science bill into law on Tuesday, and deliver remarks, the White House announced Wednesday. The bill, which was passed by both chambers of Congress last week, contains $52.7 billion for domestic manufacturing of semiconductors SMH, +1.09% SOXX, +1.
15%, including $39 billion for an incentive program and $11 billion for programs aimed at research and development and workforce development."This bill will lower the cost of everyday goods, strengthen American manufacturing and innovation, create good-paying jobs, and bolster our economic and national security," the White House said in a statement.
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