Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Biden signs US$280-b CHIPS Act in bid to boost US over China
President Joe Biden holds the "CHIPS and Science Act of 2022" after signing it during a ceremony on the South Lawn of the White House, Tuesday, August 9, 2022, in Washington.
Business
August 9, 2022

Biden signs US$280-b CHIPS Act in bid to boost US over China

WASHINGTON (AP) — US President Joe Biden on Tuesday signed a US$280-billion bipartisan Bill to boost the United States’s high-tech manufacturing, part of his Administration’s push to boost US competitiveness over China.

Flanked by scores of lawmakers, union officials, local politicians and business leaders, Biden feted the legislation, a core part of his economic agenda that will incentivise investments in the American semiconductor industry — in an effort to ease US reliance on overseas supply chains for critical, cutting edge goods.

“The future of the chip industry is going to be made in America,” Biden said in a sweltering Rose Garden ceremony Tuesday, referring to the diminutive devices that power everything from smartphones to computers to automobiles. The legislation sets aside US$52 billion specifically to bolster the US computer chip sector.

The Bill has been more than a year in the making but finally cleared both chambers of Congress late last month with significant bipartisan margins. The Senate passed it 64-33 with 17 GOP senators supporting it while the House quickly followed suit with a 243-187 vote that included 24 House Republicans in favour, even though party leaders began urging their ranks to vote against it after Democrats advanced a separate sweeping Bill focused on climate and health care.

The White House sought Tuesday to begin selling the immediate impacts of the semiconductor measure, noting that Micron, a leading US chip manufacturer, will announce a US$40-billion plan to boost domestic production of memory chips while Qualcomm and GlobalFoundries will unveil a US$4.2-billion expansion of an upstate New York chip plant.

The Administration has also repeatedly portrayed this legislation as a critical component in countering the influence of a rising China and ensuring the US can maintain a competitive edge against Beijing, particularly in semiconductor manufacturing. Administration officials have held multiple briefings for lawmakers to sketch out the national security implications of this Bill, and Biden noted during his remarks Tuesday that the Chinese Government had lobbied US businesses against the legislation.

“The CHIPS and Science Act is going to inspire a whole new generation of Americans to answer that question: ‘What next?’ ” Biden said Tuesday during the signing ceremony. “Decades from now, people will look back at this week, and all we passed and all we moved on, that we met the moment at this inflection point in history.”

Tuesday’s ceremony is one of several public events Biden has scheduled since recovering from COVID-19, including a visit to flood-ravaged Kentucky on Monday and another signing event on Wednesday for legislation aiding veterans who have suffered from toxic burn pits. But Biden appeared to be dealing with some residual symptoms, coughing heavily several times during his remarks and apologising at one point for doing so.

President Joe Biden speaks before signing the “CHIPS and Science Act of 2022” during a ceremony on the South Lawn of the White House, Tuesday, August 9, 2022, in Washington.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Cuba says working to restore power after big blackout
Latest News, Regional
Cuba says working to restore power after big blackout
March 5, 2026
HAVANA, Cuba (AFP) — Cuban authorities said Thursday they made progress toward restoring power to end a blackout that hit two-thirds of the beleaguere...
{"jamaica-observer":"Jamaica Observer"}
Willie Stewart’s Rhythms Of Africa to celebrate Jamaica in most personal edition yet
Entertainment, Latest News
Willie Stewart’s Rhythms Of Africa to celebrate Jamaica in most personal edition yet
BY HOWARD CAMPBELL Observer senior writer 
March 5, 2026
In five weeks, Willie Stewart stages Rhythms Of Africa at Miramar Cultural Center in South Florida.  It will be the most personal edition since he fir...
{"jamaica-observer":"Jamaica Observer"}
Latest News, News
Education minister, MP visit Ocho Rios High after student’s death
March 5, 2026
ST ANN, Jamaica — Education Minister Senator Dana Morris-Dixon has arrived in Ocho Rios, St Ann, where she is expected to visit the school of a studen...
{"jamaica-observer":"Jamaica Observer"}
Education ministry mourns death of Ocho Rios High School student
Latest News, News
Education ministry mourns death of Ocho Rios High School student
March 5, 2026
KINGSTON, Jamaica — The Ministry of Education, Skills, Youth & Information says it is deeply saddened by the death of 16-year-old Devonie Shearer of O...
{"jamaica-observer":"Jamaica Observer"}
Johnson Smith says no concerns over strength of Jamaica-US relationship
Latest News, News
Johnson Smith says no concerns over strength of Jamaica-US relationship
March 5, 2026
KINGSTON, Jamaica — Foreign Affairs Minister Senator Kamina Johnson Smith has expressed confidence in the strength of the relationship between Jamaica...
{"jamaica-observer":"Jamaica Observer"}
Ocho Rios High student succumbs to injuries; accused in police custody
Latest News, News
Ocho Rios High student succumbs to injuries; accused in police custody
March 5, 2026
ST ANN, Jamaica — The 16-year-old student of Ocho Rios High School who was reportedly attacked by another student on Wednesday afternoon has succumbed...
{"jamaica-observer":"Jamaica Observer"}
Tivoli rally to hold Mt Pleasant
Latest News, Sports
Tivoli rally to hold Mt Pleasant
March 4, 2026
KINGSTON, Jamaica —  Tivoli Gardens rallied to hold Mount Pleasant FA to a 1-1 draw in their Jamaica Premier League (JPL) second round rescheduled gam...
{"jamaica-observer":"Jamaica Observer"}
VPA , Sandals Foundation celebrate young peacemakers at Chalky Hill Primary
Latest News, News
VPA , Sandals Foundation celebrate young peacemakers at Chalky Hill Primary
March 4, 2026
ST ANN, Jamaica – Some 50 students at Chalky Hill Primary and Infant School have been donned  Irie Stars Peacemakers  following a collaborative initia...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct