Biden signs multibillion CHIPS Act to compete with China

clock • 3 min read
The Bill took two years to reach this point but eventually passed with bipartisan support
Image:

The Bill took two years to reach this point but eventually passed with bipartisan support

The Bill could give the USA a leg up on global chip manufacturing

President Biden has signed a new Act into law that includes nearly $53 billion in subsidies to support domestic semiconductor and other high-tech industries, which US policymakers worry risk being ...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Microsoft, Google and Snap report strong quarterly results, IBM and Intel less so

Finance and Reporting

Microsoft and Google see AI investments bearing fruit

clock 26 April 2024 • 4 min read
A cyber-focused attorney on why 'Data is the hot potato'

Security

Shawn Tuma, partner and co-chair of the data privacy and cybersecurity practice group at Spencer Fane LLP, shares some tips on cybersecurity for companies to follow.

clock 26 March 2024 • 3 min read
Autonomy co-founder Mike Lynch's fraud trial opens in San Francisco

Law

Lynch accused of being the 'driving force' behind 'massive' fraud at Autonomy

clock 19 March 2024 • 3 min read

More on Legislation and Regulation

Investigatory Powers (Amendment) Bill set to become law following Royal Assent

Investigatory Powers (Amendment) Bill set to become law following Royal Assent

Update to the ‘Snooper’s Charter’ will expand the digital surveillance powers of the UK’s police, government and intelligence services

Graeme Burton
clock 29 April 2024 • 2 min read
US to block TikTok - ByteDance vows to fight back

US to block TikTok - ByteDance vows to fight back

Talks about a ban have finally progressed past the theoretical stage

Tom Allen
clock 25 April 2024 • 3 min read
CMA invites comments on Microsoft and Amazon AI partnerships

CMA invites comments on Microsoft and Amazon AI partnerships

Regulator has warned against Big Tech's growing AI dominance

clock 25 April 2024 • 3 min read