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

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.