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August 18, 2022 6:38 am

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

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2022-08-03T14:58:21Z

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

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.

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


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