USPolicies & Impacts

Biden Signs Executive Order; Creates Steering Council to Administer $280 Billion CHIPS Act

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Biden Signs Executive Order; Creates Steering Council to Administer $280 Billion CHIPS Act
U.S. President Joe Biden signs the CHIPS and Science Act of 2022 alongside Vice President Kamala Harris, House of Representatives Speaker Nancy Pelosi, and Joshua Aviv, founder and CEO of SparkCharge, on the South Lawn of the White House in Washington, on Aug. 9, 2022. Evelyn Hockstein/Reuters
Andrew Thornebrooke
Updated:
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President Joe Biden signed an executive order on Aug. 25 to direct the implementation of the $280 billion CHIPS Act, designed to boost domestic manufacturing and research related to semiconductors.

The order will start the flow of cash to companies such as Intel, which will now begin to build fabrication sites in the United States.

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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