BIDEN’S CHIPS ACT FUELS AMERICAN TECH ASCENDANCY
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In a decisive move to reclaim the United States' position as a global leader in semiconductor manufacturing, President Joe Biden signed the **CHIPS and Science Act** into law on August 9, 2022. This pivotal legislation, colloquially known as the "CHIPS Act," earmarks approximately **$280 billion** to invigorate domestic research and production of semiconductors.