Route Fifty: Biden Signs Semiconductor Bill, Spurring Hopes for New Jobs and Manufacturing Around the US
9 Aug 2022
News
Calling it a “once in a generation investment in America,” President Biden on Tuesday signed into law a $54.2 billion measure to boost semiconductor production in the U.S.
Most notably, the bipartisan bill passed by Congress last month includes $39.4 billion in subsidies to encourage companies to manufacture chips, bolstering hopes in cities around the country that it will create more jobs in their communities.
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