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US President Joe Biden signs a $280 billion bipartisan bill to boost domestic high-tech manufacturing, part of his administration’s push to boost US competitiveness over China.
The semiconductor firms are announcing billions in investments after President Joe Biden signed a broad competition bill Tuesday that includes $52 billion in domestic semiconductor research and development.
Micron Technology will invest $40 billion in memory chip manufacturing and create 8,000 new jobs, according to a White House fact sheet, and Qualcomm is partnering with GlobalFoundries, which has a facility in New York state, in a $4.2 billion agreement to manufacture chips.
Micron Chief
