US President Joe Biden signed the $280 billion Chip and Science Act, previously approved by the US Senate and House of Representatives, to compete with China’s chip manufacturing and technology. Speaking at the signing ceremony at the Rose Garden at the White House, Biden said, “The Chip and Science Act I signed today is a once-in-a-generation investment for the United States and a law that the American people can be proud of. I want to thank everyone who made this possible. And I promise you. “We will lead the world again in the next ten years,” he said.
‘WE WILL PROVIDE 40 THOUSAND EMPLOYMENTS’
Stating that the law is supported by Democrats and Republicans in the country, Biden said, “Many Democrats and Republicans are similarly determined to implement this bill. Although the bipartisanship in Congress is critical, today I want to admit that we support this bill. Chip and Science Act in America. “It strengthens our efforts to produce semiconductors, and this investment alone will create 40,000 jobs.”
Biden cited an analysis that states that the investment in the new law will build semiconductor factories over the next 6 months, and that the construction process alone will create more than 1 million jobs. Biden appealed to business people, saying, “We can channel all our resources. Most importantly, we can channel all of our people’s talents to a greater measure of hope and opportunity for our nation and the world. To provide good job opportunities, empower employees, grow the economy, not just for the rich, but for everyone.” do it for you,” he said.
‘WE WERE NUMBER ONE’
Biden said, “We used to be number one in research and development in the world, now we are in 9th place. China is now in 2nd place.” Stating that the law signed by the USA to strengthen itself against its rivals disturbs China, Biden said, “No wonder the Chinese Communist Party is actively lobbying against this bill. The USA should lead the world in the production of these advanced chips, and this law will do exactly that.” said.
“The global economy is coming to a terrible standstill and increasing costs for people around the world. Chips need to be made here in America to reduce people’s daily costs and create jobs,” Biden said.
‘REDUCE COSTS’
The White House statement includes statements for the Chip and Science Act signed by Biden, which will “reduce costs, create jobs and strengthen supply chains,” while “to keep the United States a leader in tomorrow’s industries, including nanotechnology, clean energy, quantum It will strengthen manufacturing, supply chains and national security, and invest in research and development, science and technology, and the workforce of the future.
CHIP AND THE LAW OF SCIENCE
The U.S. Senate had previously passed the bill, with a majority of 64 votes to 33, which includes $280 billion in aid, including tens of billions of dollars in scientific research aimed at supporting the domestic chip manufacturing industry and maintaining the country’s technological superiority in the global economy. The bill was later passed in the US House of Representatives by a vote of 243 to 187. The bill aims to reduce the US reliance on chips produced by China and other global powers in military hardware and other industries. With the law prepared to increase local semiconductor production, it is foreseen that the shortage of chips, which causes disruption in production, will be alleviated. (UAV)