logo
welcome
Deseret News

Deseret News

Biden administration rushes to finalize CHIPS Act funding

Deseret News
Summary
Nutrition label

80% Informative

In 2022 , President Joe Biden signed the CHIPS and Science Act to boost the semiconductor industry in the U.S. Some of those funds are headed to Arizona and Utah .

On Wednesday , the administration finalized a $1.5 billion grant for GlobalFoundries to expand manufacturing in New York .