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Biden signs a bill to boost the US semiconductor industry and compete with China

The initiative, which also seeks to promote scientific research in the country in the midst of growing economic and technological competition with the Asian giant, It had been approved at the end of last month by the House of Representatives.

The President of the United States, Joe Biden, signed this Tuesday the ‘CHIPS plus’ bill, aimed at boosting the national production of computer chips and maintaining competitiveness against China, reported the Reuters agency.

The initiative, which also seeks to promote scientific research in the country in the midst of growing economic and technological competition with the Asian giant, had been approved at the end of last month by the House of Representatives.

Thus, the legislation provides $52.7 billion in funding to strengthen US computer chip manufacturing. USA and its supply chains. At the same time, it allocates more than 200,000 million dollars for scientific development in this field, in addition to a budget in favor of the creation of a labor force that promotes national industry and that includes tax credits for those who invest in plants that produce said products. inputs.

The law intends that the US does not depend on Chinese semiconductor supply chains, in addition to boosting its competitiveness against Beijing and, thereby, ensuring its ” leadership” at a technological and scientific level.

“The US invented the semiconductor, but today it produces about 10% of the world’s supply and none of the most advanced chips. “We depend on East Asia for 75% of global production. The law will unlock hundreds of billions more in private sector semiconductor investment across the country, including production essential for national defense and critical sectors,” explained the White House.

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