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08/29/2022 Source:  Gas World
Author: Molly Burgess 1 min read

President Biden signs $52bn CHIPS Act into law

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President Joe Biden has signed the ‘historic’ $52bn CHIPS Act into law to place the US as a forerunner in the semiconductor market and revitalise domestic manufacturing.

The US President on Thursday (9th August) implemented the industrial strategy that sets aside funding for new semiconductor programmes, including $39bn for a grant programme available to semiconductor manufacturers as well as equipment and materials suppliers.

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