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President Biden signs Warner backed act on Semiconductors
The Chairman of the Senate Select Committee on Intelligence, Virginia Senator Mark Warner issued a statement on President Biden signing his CHIPS act.
Warner stated by email that the CHIPS and Science Act will lower costs for families, strengthen the nations security and create manufacturing jobs in the United States.
Nearly everything that has an on switch contains a chip of this type.
Only 12 percent of these types of chips are produced in the United States.
The newly signed Warner backed act will include $52 billion in funding to manufacture chips here in America.
Warner adds that this will help America compete against countries like China for the technology or the future.
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