Tag: semiconductor
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Biden signs ‘once-in-a-generation’ $280 billion semiconductor bill into law
President Biden on Tuesday signed Congress’ $280 billion technology spending bill aimed at boosting domestic semiconductor manufacturing and spurring scientific research, lauding it as a “once-in-a-generation investment in America itself.” “America invented the semiconductor,” Mr. Biden said during a ceremony on the South Lawn of the White House. “And this law brings it back home.”…
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Joe Biden touts $280 billion semiconductor bill as proof of his administration’s clout
President Biden on Tuesday lauded the $280 billion technology spending bill aimed at boosting domestic semiconductor manufacturing and spurring scientific research as proof that his administration can get legislation across the finish line. The House gave final passage to the bill in a 243-187 vote last Thursday after the Senate passed the measure 64-33 earlier…
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Biden to travel to Michigan Tuesday to roadshow $52 billion semiconductor windfall
President Biden is expected to travel to Michigan on Tuesday to deliver remarks on Congress’ recent passage of its $280 billion technology spending bill aimed at boosting domestic semiconductor manufacturing and spurring scientific research in a key make-or-break legislative win for the administration. Mr. Biden plans to tout the positive impact that the $52 billion…
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SK Group to spend $22B on U.S. semiconductor, green energy projects, creating 16,000 jobs
The SK Group, South Korea’s second-largest conglomerate, announced Tuesday that it will spend $22 billion in the United States to fund semiconductor, green energy and bioscience projects. The investments will expand SK’s American workforce from 4,000 to 20,000 by 2025, President Biden said at a White House event with SK Group Chairman Chey Tae-Won to…
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Biden begs Congress to pass $52 billion semiconductor bill
President Biden on Monday pleaded with Congress to pass a $52 billion payout to semiconductor manufacturers as lawmakers face a make-or-break week to get the bill across the finish line. The White House has, for weeks, been in a full-court press to get the measure passed, urging lawmakers to shed a bevy of tough-on-China measures…
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Taxpayer cash infusion for the semiconductor industry survives crucial test vote in Senate
A bill to boost the nation’s semiconductor business passed a key test vote Tuesday after the Biden administration and industry officials urged Congress to approve legislation that will help counter China’s emerging dominance in producing computer chips. Senate lawmakers voted to begin considering legislation that would provide subsidies and an investment tax credit to U.S.…