{"id":1596917,"date":"2022-08-09T13:05:39","date_gmt":"2022-08-09T17:05:39","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1596917"},"modified":"2022-08-09T13:05:41","modified_gmt":"2022-08-09T17:05:41","slug":"biden-signs-280-billion-semiconductor-bill","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-signs-280-billion-semiconductor-bill\/","title":{"rendered":"Biden Signs $280 Billion Semiconductor Bill"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-signs-280-billion-semiconductor-bill%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1596917&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Joe Biden signed the CHIPS and Science Act on Aug. 9, allocating a $280 billion funding package toward boosting domestic semiconductor manufacturing and various research endeavors.<\/p>\n<p>\u201cThe CHIPS and Science Act will boost American semiconductor research, development, and production, ensuring U.S. leadership in the technology that forms the foundation of everything from automobiles to household appliances to defense systems,\u201d <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/08\/09\/fact-sheet-chips-and-science-act-will-lower-costs-create-jobs-strengthen-supply-chains-and-counter-china\/\">said<\/a> a White House fact sheet on the <a href=\"https:\/\/www.theepochtimes.com\/t-law\">law<\/a>.<\/p>\n<p>\u201cThe law will also ensure the United States maintains and advances its scientific and technological edge.\u201d<\/p>\n<p>The administration maintains that the mammoth spending package would improve jobs and national <a href=\"https:\/\/www.theepochtimes.com\/t-security\">security<\/a> by making the United States less dependent on foreign supply chains and building a more robust workforce.<\/p>\n<p>Semiconductors are used in many technologies, ranging from cars to hypersonic missiles. The funding package was also widely hailed as a means of improving the nation\u2019s competitiveness with an increasingly hostile communist China.<\/p>\n<p> CHIPS and Science Act <\/p>\n<p>\u201cToday, I sign into law the CHIPS and Science Act,\u201d Biden <a href=\"https:\/\/twitter.com\/POTUS\/status\/1557014193622114307\">said<\/a> in a tweet. \u201cIt\u2019s a once-in-a-generation law that invests in America by supercharging our efforts to make <a href=\"https:\/\/www.theepochtimes.com\/t-semiconductors\">semiconductors<\/a> here at home.\u201d<\/p>\n<p>\u201cToday represents a more secure economy, jobs, and a stronger future for our nation. America is delivering.\u201d<\/p>\n<p>About $52 billion will be spent on manufacturing and related expenses. Much of the remainder of the funds will go toward tax breaks for major tech corporations, green energy initiatives, and research grants for the administration\u2019s various social equity projects.<\/p>\n<p>Notably, the law will grant billions toward investments in \u201cdisadvantaged communities\u201d to ensure that semiconductor manufacturers \u201csupport equitable economic growth and development.\u201d<\/p>\n<p>Specifically, the White House said that the law will devote substantial funding to conducting research at historically black colleges and also to combating \u201cgender-based harassment in the sciences.\u201d<\/p>\n<p>Critics from both sides of the aisle have<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden signed the CHIPS and Science Act on Aug. 9, allocating a $280 billion funding package toward boosting domestic semiconductor manufacturing and various research endeavors. \u201cThe CHIPS and Science Act will boost American semiconductor research, development, and production, ensuring U.S. leadership in the technology that forms the foundation of everything from automobiles to [\u2026]<\/p>\n","protected":false},"author":228,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1596917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1596917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/228"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1596917"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1596917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1596917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1596917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1596917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}