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Dubai News Club > Tech > Biden plans a speedy rollout for chips funding
Tech

Biden plans a speedy rollout for chips funding

Press Room
Last updated: 2022/08/25
Press Room
Published: August 25, 2022
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President Joe Biden isn’t wasting any time in rolling out the $280 billion law to boost domestic semiconductor manufacturing. On Thursday, Biden signed an executive order to get the money flowing out to companies like Intel who want to build fabrication sites in the US.

Biden officially signed the CHIPS and Science Act into law two weeks ago, but Thursday’s order sets the sweeping American innovation project into motion. Biden’s swift implementation signals the administration’s…

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