Biden signs Chips Act, kicking off one of largest federal industrial development programs ever - The Washington Post, August 9, 2022
ioi_ab's bookmarks 2022-08-09
Summary:
"President Biden on Tuesday signed legislation providing $52 billion in subsidies to the semiconductor industry, kicking off what will be one of the largest industrial development programs the federal government has ever administered. The long-pursued legislation looks set to spur construction of more than half a dozen big semiconductor manufacturing facilities in the United States, providing more secure supplies of the tiny components that are so important to modern electronics that they are viewed as essential to national security. The bill also authorizes tens of billions of dollars to support federal research and development and regional tech start-ups, which the administration hopes will lead to commercial breakthroughs in new fields such as quantum computing and artificial intelligence...."