Biden Administration Warns of Dire National Security Ramifications as Bill to Boost US Chipmaking Stalls

The Biden administration has warned of series consequences for the economy and for national security if a bill to boost chipmaking in the US is not passed by the US Congress the end of July. The White House seeks to fund $52 billion (roughly Rs. 4,15,400 crore) for chip production and to boost US innovation to compete with China. The administration also held a closed-...

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