{"id":51242,"date":"2022-08-09T15:48:13","date_gmt":"2022-08-09T22:48:13","guid":{"rendered":"https:\/\/lapost.us\/?p=51242"},"modified":"2022-08-09T15:48:13","modified_gmt":"2022-08-09T22:48:13","slug":"biden-signs-chips-law","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=51242","title":{"rendered":"Biden signs chips law"},"content":{"rendered":"<p>President\u00a0Biden\u00a0signed into law on Tuesday bipartisan legislation to provide billions of dollars in incentives\u00a0<a href=\"https:\/\/nxslink.thehill.com\/click\/28673696.8113\/aHR0cHM6Ly90aGVoaWxsLmNvbS9wb2xpY3kvdGVjaG5vbG9neS8zNTgwMjM0LWJpZGVuLXNpZ25zLWNoaXBzLWFuZC1zY2llbmNlLWJpbGwtaW50by1sYXcvP2VtYWlsPWIwYmVmYjJkYWZjZTNhODdlN2YxMzZiYjA2NTRkZjA1M2Y4NDUzYWMmZW1haWxhPTFhMjc1N2UzNTgwMDFiYTI2MzE4YjAyYjg2ZjQxMzExJmVtYWlsYj1jMWI1ODkxZWM4MmRlMDlkYmNmOTczYWQ0OTU0NjAzMmVjZTc5NTBmYjNhN2U3Y2E4NmRkOWNmY2NhYmU2OWI4\/6230d8c8b246d104952dff9aB36dedfb1\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/nxslink.thehill.com\/click\/28673696.8113\/aHR0cHM6Ly90aGVoaWxsLmNvbS9wb2xpY3kvdGVjaG5vbG9neS8zNTgwMjM0LWJpZGVuLXNpZ25zLWNoaXBzLWFuZC1zY2llbmNlLWJpbGwtaW50by1sYXcvP2VtYWlsPWIwYmVmYjJkYWZjZTNhODdlN2YxMzZiYjA2NTRkZjA1M2Y4NDUzYWMmZW1haWxhPTFhMjc1N2UzNTgwMDFiYTI2MzE4YjAyYjg2ZjQxMzExJmVtYWlsYj1jMWI1ODkxZWM4MmRlMDlkYmNmOTczYWQ0OTU0NjAzMmVjZTc5NTBmYjNhN2U3Y2E4NmRkOWNmY2NhYmU2OWI4\/6230d8c8b246d104952dff9aB36dedfb1&amp;source=gmail&amp;ust=1660170370914000&amp;usg=AOvVaw3NNOkKLdN5juOmuSIVgLVT\">to the domestic semiconductor industry<\/a>\u00a0and fund scientific research that proponents say will help boost U.S. competitiveness and solve supply chain challenges.<\/p>\n<p>\u201cToday is a day for builders. Today America is delivering,\u201d Biden said at the bill signing event at the White House. \u201cAnd I, honest to God, believe that 50, 75, 100 years from now, people who will look back on this week, they\u2019ll know that we met this moment.\u201d<\/p>\n<ul>\n<li>The bill \u2014 formally known as the CHIPS and Science Act \u2014 passed the Senate and House at the end of July, after more than a year of work on Capitol Hill and multiple iterations of the legislation.<\/li>\n<li>The legislation includes more than $50 billion in incentives for manufacturers of semiconductors, or chips, to build domestic semiconductor plants. It also includes more than $80 billion for the National Science Foundation authorized over five years to support innovation and research.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/nxslink.thehill.com\/click\/28673696.8113\/aHR0cHM6Ly90aGVoaWxsLmNvbS9wb2xpY3kvdGVjaG5vbG9neS8zNTgwMjM0LWJpZGVuLXNpZ25zLWNoaXBzLWFuZC1zY2llbmNlLWJpbGwtaW50by1sYXcvP2VtYWlsPWIwYmVmYjJkYWZjZTNhODdlN2YxMzZiYjA2NTRkZjA1M2Y4NDUzYWMmZW1haWxhPTFhMjc1N2UzNTgwMDFiYTI2MzE4YjAyYjg2ZjQxMzExJmVtYWlsYj1jMWI1ODkxZWM4MmRlMDlkYmNmOTczYWQ0OTU0NjAzMmVjZTc5NTBmYjNhN2U3Y2E4NmRkOWNmY2NhYmU2OWI4\/6230d8c8b246d104952dff9aC36dedfb1\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/nxslink.thehill.com\/click\/28673696.8113\/aHR0cHM6Ly90aGVoaWxsLmNvbS9wb2xpY3kvdGVjaG5vbG9neS8zNTgwMjM0LWJpZGVuLXNpZ25zLWNoaXBzLWFuZC1zY2llbmNlLWJpbGwtaW50by1sYXcvP2VtYWlsPWIwYmVmYjJkYWZjZTNhODdlN2YxMzZiYjA2NTRkZjA1M2Y4NDUzYWMmZW1haWxhPTFhMjc1N2UzNTgwMDFiYTI2MzE4YjAyYjg2ZjQxMzExJmVtYWlsYj1jMWI1ODkxZWM4MmRlMDlkYmNmOTczYWQ0OTU0NjAzMmVjZTc5NTBmYjNhN2U3Y2E4NmRkOWNmY2NhYmU2OWI4\/6230d8c8b246d104952dff9aC36dedfb1&amp;source=gmail&amp;ust=1660170370914000&amp;usg=AOvVaw08zmgLtwSWqeGFRTwJqvz0\">Read more here<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Micron\u2019s investment:\u00a0<\/strong>The same day as executives at Micron and other chipmakers joined the president at the signing of the CHIPS and Science Act, Micron Technology said it\u00a0<a href=\"https:\/\/nxslink.thehill.com\/click\/28673696.8113\/aHR0cHM6Ly90aGVoaWxsLmNvbS9wb2xpY3kvdGVjaG5vbG9neS8zNTk0MTUxLW1pY3Jvbi1hbm5vdW5jZXMtNDAtYmlsbGlvbi1pbnZlc3RtZW50LWluLXVzLWNoaXAtbWFudWZhY3R1cmluZy8_ZW1haWw9YjBiZWZiMmRhZmNlM2E4N2U3ZjEzNmJiMDY1NGRmMDUzZjg0NTNhYyZlbWFpbGE9MWEyNzU3ZTM1ODAwMWJhMjYzMThiMDJiODZmNDEzMTEmZW1haWxiPWMxYjU4OTFlYzgyZGUwOWRiY2Y5NzNhZDQ5NTQ2MDMyZWNlNzk1MGZiM2E3ZTdjYTg2ZGQ5Y2ZjY2FiZTY5Yjg\/6230d8c8b246d104952dff9aBc4277a70\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/nxslink.thehill.com\/click\/28673696.8113\/aHR0cHM6Ly90aGVoaWxsLmNvbS9wb2xpY3kvdGVjaG5vbG9neS8zNTk0MTUxLW1pY3Jvbi1hbm5vdW5jZXMtNDAtYmlsbGlvbi1pbnZlc3RtZW50LWluLXVzLWNoaXAtbWFudWZhY3R1cmluZy8_ZW1haWw9YjBiZWZiMmRhZmNlM2E4N2U3ZjEzNmJiMDY1NGRmMDUzZjg0NTNhYyZlbWFpbGE9MWEyNzU3ZTM1ODAwMWJhMjYzMThiMDJiODZmNDEzMTEmZW1haWxiPWMxYjU4OTFlYzgyZGUwOWRiY2Y5NzNhZDQ5NTQ2MDMyZWNlNzk1MGZiM2E3ZTdjYTg2ZGQ5Y2ZjY2FiZTY5Yjg\/6230d8c8b246d104952dff9aBc4277a70&amp;source=gmail&amp;ust=1660170370915000&amp;usg=AOvVaw2Wz4SrosMxWQ85XvW_9AQW\">plans to invest $40 billion<\/a>\u00a0in U.S. semiconductor manufacturing after Congress approved massive chip subsidies.<\/p>\n<p>&nbsp;<\/p>\n<p>The Boise, Idaho-based chipmaker said that the investment will create 40,000 new jobs including 5,000 highly paid technical and operational roles and bring the \u201cworld\u2019s most advanced memory manufacturing\u201d to the U.S.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President\u00a0Biden\u00a0signed into law on Tuesday bipartisan&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,7],"tags":[],"class_list":["post-51242","post","type-post","status-publish","format-standard","hentry","category-science-tech","category-u-s-a"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/51242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51242"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/51242\/revisions"}],"predecessor-version":[{"id":51243,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/51242\/revisions\/51243"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}