NEW YORK -- U.S. President Joe Biden on Tuesday signed into law a spending package that allocates $52 billion to bolstering domestic chip manufacturing, finalizing what is seen as the nation's boldest industrial legislation in decades.
Semiconductors
Biden signs CHIPS Act into law as tech arms race with China heats up
U.S. bipartisan legislation devotes $52bn to domestic semiconductor manufacturing
President Joe Biden signs the CHIPS and Science Act alongside Vice President Kamala Harris and Commerce Secretary Gina Raimondo outside the White House. © Reuters
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