Biden Kick Starts New Chip Manufacturing Law

“President Joe Biden is planning to kick-start the implementation process of the sweeping $280 billion law to boost US domestic chip-making and scientific research,” CNN reports.

“Biden will sign the order Thursday, just two weeks after signing the law known as the CHIPS and Science Act. It’s a move that reflects an urgency — and understanding of the substantial task ahead — for top administration officials as they continue to grapple with the acute risk posed by the concentration of the critical semiconductor industry.”