According to various media reports in the United States, the President of the United States signed the " CHIPS and Science Act of 2022" at 10:00 a.m. Washington time on Tuesday. "Today is a day for builders," the president said at the signing ceremony outside the White House, attended by hundreds, including tech executives, union presidents, and political leaders from both parties.
Representatives from both houses of Congress, Secretary of Commerce Raimondo and Joshua Aviv, CEO of SparkCharge, an electric vehicle charging system company, made speeches. Micron CEO Sanjay Mellotra, Intel CEO Patrick Gelsinger, Hewlett-Packard CEO Enrique Lores, AMD CEO Su Zifeng and Lockheed Martin CEO James Teck Wright, and others were also there.
The bill includes more than $52 billion in funding for U.S. companies that make computer chips, as well as billions of dollars in tax credits to encourage investment in semiconductor manufacturing. It also provides tens of billions of dollars to fund scientific research and development and stimulate innovation and development in other U.S. technologies.
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