WATCH LIVE: Biden signs CHIPS Act to boost US semiconductor production

President Joe Biden will sign the CHIPS Act, a bill to increase production of semiconductor chips in the United States, on Tuesday.

The signing of the bill is expected to begin at 2:45 p.m. ET. Watch the event in the player above.

LOOK: Senate Passes CHIPS Act to Boost U.S. Semiconductor Production

More than 90% of advanced chips come from Taiwan. If Taiwan were invaded or shipping channels closed, much of the world would face a cascading economic crisis and become unable to maintain chip-dependent weapon systems.

Biden used his State of the Union address in March to highlight an announcement by Intel to invest in what could be eight semiconductor plants in Ohio – a commitment that was contingent on eventual adoption. Bill.

The Senate finally passed the bill last week, in a 64-33 vote. The bill passed the House on Thursday by a solid margin of 243 to 187. About two dozen Republicans voted for the legislation.


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