Biden Seeks CHIPS Act Funding
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CHIPS Act agreementsInsider
•The Biden administration is scrambling to send billions to chipmakers before Trump takes over
82% Informative
In 2022 , President Joe Biden signed the CHIPS Act , which includes $39 billion in subsidies for chip production in the US .
Over 90% of the subsidies have been allocated, but that money hasn't been fully secured yet.
The Biden administration is working to finalize agreements before Donald Trump takes office.
Locking in agreements could make it more difficult for the Trump administration to slow down the funding process.
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