Biden signs $280B CHIPS act in bid to boost US over China

8/9/2022 4:14:00 PM

Biden to sign $280B CHIPS act in bid to boost US over China

Biden, Chips

Biden to sign $280B CHIPS act in bid to boost US over China

Flanked by scores of lawmakers, union officials, local politicians and business leaders, Biden feted the legislation, a core part of his economic agenda that will incentivize investments in the American semiconductor industry.

Share on LinkedInWASHINGTON (AP) — President Joe Biden 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.Flanked by scores of lawmakers, union officials, local politicians and business leaders, Biden feted the legislation, a core part of his economic agenda that will incentivize investments in the American semiconductor industry in an effort to ease U.S. reliance on overseas supply chains for critical, cutting-edge goods.

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President Biden to sign $280B CHIPS act in bid to boost US over ChinaPresident Biden is preparing to sign a $280 billion bipartisan bill to boost domestic high-tech manufacturing. us biden china politics Black Sabbath War Pigs Nancy goes Taiwan and all of a sudden we have a Chips plant coming to America, hmmm Where’s money for me to start a high tech firm?

LIVE: Biden to sign $280B CHIPS act in bid to boost US over ChinaLIVE NOW: President Joe Biden is preparing to sign a $280 billion bipartisan bill to boost domestic high-tech manufacturing, part of his administration’s push to boost U.S. competitiveness over China.

Biden to sign $280B CHIPS act in bid to boost US over ChinaPresident Joe Biden is preparing to sign a $280 billion bipartisan bill to boost domestic high-tech manufacturing. Someone please put this deg.enerate in hospice where he belongs.

President Biden to sign CHIPs Act, says bill will bolster supply chainPresident Joe Biden will sign the CHIPs Act into law Tuesday, saying that the legislation will 'strengthen American manufacturing, supply chains, and national security.'

Biden to sign bill to boost US chip manufacturing to compete with China Biden is set to sign the CHIPS Act, a $280 billion bipartisan bill to increase domestic high-tech manufacturing to boost U.S. competitiveness over China.

U.S. Senate Democrats approve big Biden economic deal; House to vote nextThe Senate has approved Democrats' big election-year economic package. The legislation is less ambitious than President Joe Biden 's original domestic goals. But it embodies deep-rooted party dreams of slowing global warming, moderating pharmaceutical costs and taxing big corporations. Middle class getting bent over yet again. Republican senators voted against a healthy environment, against lowering healthcare costs, against reducing the deficit, and most telling, they voted against making billionaires pay their fair share. Republicans are against everything and NEVER offer any solution. Pure greed And when you raise taxes on corporations...who do think they pass that cost on to? Us little folks, that's who. We get to foot that bill too. Thanks Brandon.

Share on Pinterest Share on LinkedIn WASHINGTON (AP) — President Joe Biden on Tuesday signed a $280 billion bipartisan bill to boost domestic high-tech manufacturing, part of his administration’s push to boost U.Government President Joe Biden with first lady Jill Biden waves as they walk on the South Lawn of the White House in Washington, upon arrival from a trip to visit flood affected areas in Kentucky, Monday, Aug.The Rose Garden ceremony on Tuesday will include lawmakers, union officials, local politicians and business leaders, the White House said, as the president looks to highlight a new law that will incentivize investments in the American semiconductor industry in an effort to ease U.Government President Joe Biden with first lady Jill Biden waves as they walk on the South Lawn of the White House in Washington, upon arrival from a trip to visit flood affected areas in Kentucky, Monday, Aug.

S. competitiveness over China. (AP Photo/Manuel Balce Ceneta) (Manuel Balce Ceneta, Copyright 2022 The Associated Press. Flanked by scores of lawmakers, union officials, local politicians and business leaders, Biden feted the legislation, a core part of his economic agenda that will incentivize investments in the American semiconductor industry in an effort to ease U. “We are going to invest it in America,” Biden said Friday.S.) WASHINGTON – President Joe Biden is preparing to sign a $280 billion bipartisan bill to boost domestic high-tech manufacturing, part of his administration’s push to boost U. reliance on overseas supply chains for critical, cutting-edge goods.S.

“The future of the chip industry is going to be made in America,” Biden said in a sweltering Rose Garden ceremony Tuesday, referring to the diminutive devices that power everything from smartphones to computers to automobiles. competitiveness over China.” The White House said Micron is announcing a $40 billion plan to boost domestic manufacturing of memory chips, and Qualcomm and GlobalFoundries are announcing a $4. The legislation sets aside $52 billion specifically to bolster the U.S.S. computer chip sector. All rights reserved. The bill has been more than a year in the making but finally cleared both chambers of Congress late last month with significant bipartisan margins. “We are going to invest it in America,” Biden said Friday. “We are going to invest it in America,” Biden said Friday.

The Senate passed it 64-33, with 17 GOP senators supporting it, while the House quickly followed suit with a 243-187 vote that included 24 House Republicans in favor, even though party leaders began urging their ranks to vote against it after Democrats advanced a separate sweeping bill focused on climate and health care. The White House sought Tuesday to begin selling the immediate impacts of the semiconductor measure, noting that Micron, a leading U. We’re going to win the economic competition of the 21st century in America.S. chip manufacturer, will announce a $40 billion plan to boost domestic production of memory chips, while Qualcomm and GlobalFoundries will unveil a $4.2 billion expansion of an upstate New York chip plant.2 billion expansion of an upstate New York chip plant. Copyright 2022 The Associated Press.

The administration has also repeatedly portrayed this legislation as a critical component in countering the influence of a rising China and ensure the U. All rights reserved.S. can maintain a competitive edge against Beijing, particularly in semiconductor manufacturing.. Administration officials have held multiple briefings for lawmakers to sketch out the national security implications of this bill, and Biden noted during his remarks Tuesday that the Chinese government had lobbied U.S.

businesses against the legislation. “The CHIPS and Science Act is going to inspire a whole new generation of Americans to answer that question: What next?” Biden said Tuesday during the signing ceremony. “Decades from now, people will look back at this week and all we passed and all we moved on, that we met the moment at this inflection point in history.” Tuesday’s ceremony is one of several public events Biden has scheduled since recovering from COVID-19, including a visit to flood-ravaged Kentucky on Monday and another signing event on Wednesday for legislation aiding veterans who have suffered from toxic burn pits. But Biden appeared to be dealing with some residual symptoms, coughing heavily several times during his remarks and apologizing at one point for doing so.

Copyright 2022 The Associated Press. All rights reserved. Latest News .