Biden signs the law on investment in semiconductors to allow competition with China
Today, Tuesday, US President Joe Biden signed a law to grant $52 billion in aid to the semiconductor production sector in particular in the United States, to allow competition with China.
President Biden emphasized that this investment in these key parts of the modern electronics industry would help strengthen his country's competitive position in the economic sphere in the twenty-first century.
The law also allocates tens of billions of dollars for research and development.
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