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Al Jazeera
Al Jazeera
Technology

Biden signs CHIPS Act to boost US chipmakers, compete with China

China Joe Biden Micron White House Semiconductor
US President Joe Biden signed the CHIPS and Science Act of 2022, which grants $200bn over 10 years to advance US scientific research in an effort to compete with China [Evelyn Hockstein/Reuters]

US President Joe Biden on Tuesday signed into law a bill providing $52.7bn in subsidies for US semiconductor manufacturers and research, in a landmark effort to boost United States competition with China’s scientific and technology initiatives.

“The future is going to be made in America,” Biden said at the White House signing, calling the law “a once-in-a-generation investment in America itself”.

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