Biden Signs CHIPS Act Into Law, Sending $53B to US Chipmakers

(Tuesday, August 9, 2022 www.commerce.gov) President Joe Biden signed the CHIPS and Science Act into law Tuesday morning, sending $52.7 billion to processor manufacturers over five years in an effort to help the US reclaim semiconductor industry prowess lost to Taiwanese and Korean companies and challenged by increasingly capable Chinese firms.

NANI editorial: 'Better late than never.'