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Biden to sign bill to boost US chip manufacturing to compete with China
FILE - President Joe Biden delivers remarks on June 24, 2022, in the Grand Foyer of the White House. (Official White House Photo by Cameron Smith) WASHINGTON - President Joe Biden is preparing to sign a $280 billion bipartisan bill to boost domestic high-tech manufacturing, part of his administration's push to boost U.S. competitiveness over China.The Rose Garden ceremony on Tuesday will include lawmakers, union officials, local politicians and business leaders, the White House said, as the president looks to highlight a new law that will incentivize investments in the American semiconductor industry in an effort to ease U.S.