Caixin
Aug 11, 2022 05:17 AM
TECH

Analysis: How Will Biden’s CHIPS Bill Alter the Global Landscape?

The CHIPS and Science Act of 2022 is displayed after it was signed by U.S. President Joe Biden on the South Lawn of the White House in Washington on Aug. 9, 2022.
The CHIPS and Science Act of 2022 is displayed after it was signed by U.S. President Joe Biden on the South Lawn of the White House in Washington on Aug. 9, 2022.

The $280 billion measure to bolster the American semiconductor industry is already sending ripples through the global computer-chip business. U.S. President Joe Biden signed the bill into law Tuesday.

Encouraged by the CHIPS and Science Act, businesses this week announced nearly $50 billion in additional investments in American semiconductor manufacturing, bringing total business investment to nearly $150 billion since Biden took office, according to the White House.

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