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Biden signs CHIPS and Science Act into law

August 10, 2022

President Joe Biden on Tuesday signed the $280 billion CHIPS and Science Act into law. The bipartisan bill, approved by Congress in late July, will channel $52.7 billion into American semiconductor manufacturing and research efforts and pumps billions more into federal scientific research & development (R&D).

“The future is going to be made in America,” said the President, adding that the law was “a once-in-a-generation investment in America itself.”

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