U.S. Invests Billions to Compete with China Over Microchips AlphaNews Media


Source: alphanewsmedia.com alphanewsmedia.com

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Amid a global shortage of microchips, U.S. president Joe Biden on Tuesday signed into law a multi-billion dollar bill to boost domestic production of semiconductors and research. This law will hope to counter fears that the country is losing its technological edge to China. The Chips and Science Act. provides around $52 billion to promote production of microchips. Billions of dollars have been allocated for scientific research and development as well. U.S President Joe Biden called the bill a once in a generation investment in America. He said that research and development funding is going to ensure the United States...