US President Joe Biden Signs Landmark CHIPS Bill to Boost Semiconductor Manufacturing, Competition With China
US President Joe Biden on Tuesday signed a landmark bill to provide $52.7 billion (roughly Rs. 4,19,400 crore) in subsidies for US semiconductor production and research and to boost efforts to make the US more competitive with China's science and technology efforts."The future is going to be made in America," Biden said, calling the measure "a once-in-a-generation investment in America itself."Biden touted investments that chip companies are making even though it remains unclear when the US Commerce Department will write…