Statement from President Joe Biden on CHIPS and Science Act Preliminary Agreement ...Middle East

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Statement from President Joe Biden on CHIPS and Science Act Preliminary Agreement
America invented semiconductors – the computer chips that are the size of the tip of your finger and power everything from cell phones to cars to our most advanced weapons systems and satellites. But over time, the United States went from producing nearly 40% of the world’s chips to just over 10%, undermining America’s national security and making our economy vulnerable to global supply chain disruptions. My CHIPS and Science Act aimed to change that – and already, we are revitalizing America’s leadership in semiconductors, strengthening our supply chains, protecting national security, and advancing American competitiveness as a result of the law and our Investing in America agenda. To da

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