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Signing CHIPS Act, Biden Touts Semiconductor Investments

Partners GlobalFoundries and Qualcomm along with memory maker Micron time announcements to coincide with signing ceremony.
U.S. President Joe Biden
President Biden during CHIPS Act signing ceremony.

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By George Leopold

In signing landmark semiconductor legislation on Tuesday (Aug. 9), President Joe Biden highlighted corporate investments timed to coincide with passage of the Chips and Science Act that includes $52.7 billion in subsidies and tax incentives.

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