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Biden to sign bill to boost chipmakers, compete with China Aug. 9 – White House

08/03/2022

Less than a minute

2022.08.03 18:22

Biden to sign bill to boost chipmakers, compete with China Aug. 9 - White House
FILE PHOTO: U.S. President Joe Biden gestures as he delivers remarks on the Inflation Reduction Act of 2022 at the White House in Washington, U.S., July 28, 2022. REUTERS/Elizabeth Frantz/File Photo

WASHINGTON (Reuters) – U.S. President Joe Biden next Tuesday will sign a bill to boost American semiconductor chip companies as they compete with China, the White House said on Wednesday.

The legislation aims to alleviate a persistent shortage that has affected everything from cars, weapons, washing machines and video games.

08/03/2022

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