WASHINGTON (Reuters) -- President Joe Biden on Thursday signed an executive order on implementation of the $52.7 billion semiconductor chips manufacturing subsidy and research law, the White House said.
Earlier this month, Biden signed the bill to boost efforts to make the United States more competitive with China's science and technology efforts. By subsidizing U.S. chip manufacturing and expanding research funding, the law aims to alleviate a persistent shortage that has affected everything from cars and weapons to washing machines and video games.
