Biden signed the CHIPS Act, a $280 billion bipartisan bill to increase domestic high-tech manufacturing to boost U.S. competitiveness over China.
President Joe Biden signed a $280 billion bipartisan bill to boost domestic high-tech manufacturing, part of his administration’s push to boost U.S. competitiveness over China, during an event on Aug. 9, 2022.on Tuesday signed a $280 billion bipartisan bill to boost domestic high-tech manufacturing, part of his administration's push to boost U.S. competitiveness over China.
US President Joe Biden, center, signs H.R. 4346, the Chips and Science Act of 2022, during a ceremony on the South Lawn of the White House in Washington, D.C., US, on Tuesday, Aug. 9, 2022. Photographer: Al Drago/Bloomberg via Getty Images The Senate cleared a key procedural hurdle to passing a bill aimed at helping the U.S. compete with China by a 64-32 vote.
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