President Biden signed into law on Tuesday bipartisan legislation to provide billions of dollars in incentives to the domestic semiconductor industry and fund scientific research that proponents say will help boost U.S. competitiveness and solve supply chain challenges. The bill — formally known as the CHIPS and Science Act — 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. The bill includes more than $50 billion in incentives for manufacturers of semiconductors, or chips, to build domestic semiconductor plants. It also includes over $80 billion for the National Science Foundation authorized ov
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