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Biden signs the CHIPS and Science Act
KEY TAKEAWAYS:
The CHIPS and Science Act provides funding to boost U.S. semiconductor manufacturing and research.
On Tuesday, August 9, 2022, President Biden signed H.R.4346-CHIPS and Science Act into law. The $280 billion bill provides funding to boost U.S. semiconductor manufacturing and research. The bill passed in the U.S. House by a vote of 243–187–1, and by a vote of 64-33 in the U.S. Senate.
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