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Aug. 9, 2022, 10:58 a.m. EDT

Biden signs into law $280 billion package for chips, scientific research

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By Victor Reklaitis

President Joe Biden on Tuesday signed into law a bipartisan $280 billion bill focused on domestic semiconductor /zigman2/quotes/200571902/composite SMH +1.27% /zigman2/quotes/209255350/composite SOXX +1.42% manufacturing and scientific research. The House approved the Chips and Science Act in a 243-187 vote last month, after the Senate gave its OK in a 64-33 vote.

/zigman2/quotes/200571902/composite
US : U.S.: Nasdaq
$ 194.01
+2.44 +1.27%
Volume: 4.97M
Sept. 28, 2022 4:15p
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/zigman2/quotes/209255350/composite
US : U.S.: Nasdaq
$ 334.70
+4.68 +1.42%
Volume: 1.35M
Sept. 28, 2022 4:15p
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