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Home / News / World /  Biden signs major semiconductors investment bill to compete against China
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President Joe Biden signed into law Tuesday a multibillion dollar bill boosting domestic semiconductor and other high-tech manufacturing sectors that US leaders fear are being dominated by rival China.

The Chips and Science Act includes around $52 billion to promote production of microchips, the tiny but powerful and relatively hard-to-make components at the heart of almost every modern piece of machinery.

Biden said at the White House it will help "win the economic competition in the 21st century."

 

 

 

 

 

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