TV News LIES

Sunday, Sep 25th

Last update07:12:11 AM GMT

You are here News Congress Biden Signs $280B CHIPS Act In Bid To Boost U.S. Over China

Biden Signs $280B CHIPS Act In Bid To Boost U.S. Over China

E-mail Print PDF
Chip bill signed by BidenPresident 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.

“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. The legislation sets aside $52 billion specifically to bolster the U.S. computer chip sector.

More...


Most Recent Related Stories...


House Jan. 6 committee comes to agreement to interview Ginni Thomas, wife of Justice Clarence Thomas

House Jan. 6 committee comes to agreement to interview Ginni Thomas, wife of Justice Clarence ThomasGinni Thomas, the wife of Supreme Court Justice Clarence Thomas, agreed to be questioned by the House...

Rep. Matt Gaetz Asked for Pardon in Sex Trafficking Probe, Says Trump Aide

Rep. Matt Gaetz asked Trump for pardonTestimony from a former White House staffer given to Jan. 6 investigators offers yet another voice...

Trump’s Former Accounting Firm Begins Turning Over Documents to Congress

Mazars begins turning documents over to CongressMazars USA, the longtime accounting firm for former President Donald J. Trump that cut ties with...

Biden court nominee fails to win confirmation as two Democrats miss vote

Senate Majority Leader Schumer President Biden’s nominee to serve as the first Black woman judge on the 3rd Circuit Court of...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!