US-China Relations

Biden Signs $280 Billion Semiconductor Bill

Biden Signs $280 Billion Semiconductor Bill
President Joe Biden (C) signs H.R. 4346, the CHIPS and Science Act of 2022, on the South Lawn of the White House on Aug. 9, 2022. Mandel Ngan/AFP via Getty Images
Andrew Thornebrooke
Andrew Thornebrooke
National Security Correspondent
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President Joe Biden signed the CHIPS and Science Act on Aug. 9, allocating a $280 billion funding package toward boosting domestic semiconductor manufacturing and various research endeavors.

“The CHIPS and Science Act will boost American semiconductor research, development, and production, ensuring U.S. leadership in the technology that forms the foundation of everything from automobiles to household appliances to defense systems,” said a White House fact sheet on the law.
Andrew Thornebrooke
Andrew Thornebrooke
National Security Correspondent
Andrew Thornebrooke is a national security correspondent for The Epoch Times covering China-related issues with a focus on defense, military affairs, and national security. He holds a master's in military history from Norwich University.
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