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Biden signs off spending boost for microchips and R&D

Image: jlhevàs [CC BY 2.0], via Flickr

Chips and Science Act is intended to strengthen US competitiveness with China

The United States is to begin implementing the Chips and Science Act, after it was signed off by president Joe Biden on 25 August.

The legislation is designed to boost technology competitiveness with China, including by breathing new life into the US’s flagging semiconductor industry, providing R&D funding opportunities to businesses and boosting funding for the National Science Foundation and other federal research agencies.

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