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$52.7 Billion

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President Joe Biden signs the CHIPS and Science Act to support domestic semiconductor production, new high-tech jobs and scientific research./AFP
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Aug 10, 2022 - 06:50 AM

The bipartisan CHIPS and Science Act signed by US President Joe Biden sets aside $52.7 billion to increase production of American-made semiconductors, address supply chain vulnerabilities by producing more goods in the US, bolster domestic scientific research, and strengthen the country’s economic and national security.

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