U.S. President Joe Biden signs US$280B CHIPS act in bid to boost U.S. over China

U.S. 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, on Aug. 9, 2022. (Evan Vucci / AP) U.S. 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, on Aug. 9, 2022. (Evan Vucci / AP)

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