Did President Biden Just Save the CHIPS Act From Trump? ...Middle East

President Biden may have secured a government program that funds semiconductor manufacturing in the United States, critical for electronics companies. The Biden administration announced Friday that a $6.6 billion deal with the Taiwan Semiconductor Manufacturing Company to build three fabrication plants near Phoenix had been finalized, creating thousands of jobs in Arizona. Semiconductors are used in nearly every electronic device, including cell phones, airplanes, and cars. “This is a gigantic announcement,” Secretary of Commerce Gina Raimondo told reporters Friday. “This will be one of the most important investments that we make as a country to advance our economic and national security.”  

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