Showing posts with label work begins to spend that windfall. Show all posts
Showing posts with label work begins to spend that windfall. Show all posts

Thursday, October 6, 2022

Biden has $52 billion for semiconductors. Today, work begins to spend that windfall

President Biden holds a semiconductor chip in this 2021 file photo. The White House is working out how to spend $52 billion that Congress has provided to spur U.S. chip manufacturing plants.

President Biden is touting new semiconductor investments in New York today. Back at the White House, a new team is meeting with cabinet members to work out how to spend $52 billion from Congress.

(Image credit: Saul Loeb/AFP via Getty Images)