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Biden signs bipartisan China competition bill

Published

4 years ago

August 10, 2022

U.S. President Joe Biden has signed a bipartisan bill which the hope of strengthening his nation’s semiconductor manufacturing

The goal is to take on China in what is an increasingly competitive marketplace.

The bipartisan bill, dubbed the Chips and Science Act, includes more than $52 billion for U.S. companies producing computer chips.

It also allows for billions more in tax credits to encourage investment in the semiconductor industry.

In addition to this, funding will also be provided for further scientific research and development.

Biden says America remains the home of possibility.

Related Topics:biden china Politics trending

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.