Biden signs $280B CHIPS act in bid to boost US over China, touts 'fundamental change'

Washington — President Joe Biden on Tuesday signed a $280 billion bipartisan bill to boost domestic high-tech manufacturing, part of his administration’s push to boost U.S. competitiveness over China.

The ceremony on the South Lawn on Tuesday included several Democratic Michigan policymakers, including U.S. Reps. Debbie Dingell of Ann Arbor, Haley Stevens of Waterford Township and Brenda Lawrence of Southfield.

Detroit Mayor Mike Duggan, state House Democratic Leader Donna Lasinski of Scio Township and state Rep. Mari Manoogian of Birmingham were also in attendance.

The president aimed to highlight a new law that will incentivize investments in the American semiconductor industry in an effort to ease U.S. reliance on overseas supply chains for critical, cutting-edge goods.

"I promise you: We're leading the world again for the next decades," he said before signing the bill. Dingell and Stevens joined him on stage as he signed."