Biden signs major semiconductors investment bill to compete against China

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[ICYMI] Biden signs major semiconductors investment bill to compete against China

WASHINGTON - President Joe Biden signed into law a multibillion-dollar bill boosting domestic semiconductor and other high-tech manufacturing sectors that US leaders fear risk being dominated by rival China.

Biden said at a White House speech that the cash injection from the Chips Act will help"win the economic competition in the 21st century." One of the Democrat's key themes since taking office has been the need to revamp US leadership in cutting-edge innovation and rebuild the homegrown industrial base in the face of China's mammoth state-backed investments.

 

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Can't South Africa start doing the same than considering only grants for the unemployed such that people can have the ability to fish for them selves. We need a competitive policy and create a more working class

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