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Biden signs $280B CHIPS act in bid to boost US over China

President Joe Biden speaks before signing the "CHIPS and Science Act of 2022" during a ceremony on the South Lawn of the White House, Tuesday, Aug. 9, 2022, in Washington. (AP Photo/Evan Vucci) President Joe Biden coughs as he speaks before signing the "CHIPS and Science Act of 2022" during a ceremony on the South Lawn of the White House, Tuesday, Aug. 9, 2022, in Washington. (AP Photo/Evan Vucci) President Joe Biden holds the "CHIPS and Science Act of 2022" after signing it during a ceremony on the South Lawn of the White House, Tuesday, Aug. 9, 2022, in Washington. (AP Photo/Evan Vucci) President Joe Biden signs the "CHIPS and Science Act of 2022" during a ceremony on the South Lawn of the White House, Tuesday, Aug. 9, 2022, in Washington. (AP Photo/Evan Vucci) President Joe Biden speaks before signing the "CHIPS and Science Act of 2022" during a ceremony on the South Lawn of the White House, Tuesday, Aug. 9, 2022, in Washington. (AP Photo/Evan Vucci)