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

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

The legislation aims to alleviate a persistent shortage in chips affecting various industries. — Reuters pic

Wednesday, 03 Aug 2022 11:03 PM MYT

WASHINGTON, Aug 3 — US President Joe Biden next Tuesday will sign a bill to boost American semiconductor chip companies as they compete with China, the White House said today.

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