US President Joe Biden Pushes Congress to Pass $52 Billion Bill to Boost US Chip Production

President Joe Biden on Monday pushed Congress to pass a bill providing domestic semiconductor manufacturers with $52 billion (roughly Rs. 4,14,800 crore) in subsidies to cut reliance on foreign sourcing for the vital component. Speaking to senior economic and national security staff and representatives from manufacturers and a trade union, Biden said government backing for … Read more