LIVE: Biden signs bill to boost China competition and U.S. chip production — 8/2/22

President Biden virtually joins an event in Michigan to mark the signing of Governor Gretchen Whitmer’s Executive Directive to implement the Chips and Science Act of 2022. Biden signs into law a bipartisan bill to invest billions of dollars in domestic semiconductor manufacturing and science research, with the aim of boosting U.S. competitiveness with China and other foreign rivals. The signing marks a win for Biden, who campaigned on reaching across the aisle and has pushed Congress to pass the legislation as a matter of necessity for America's economy and national security. » Subscribe to CNBC TV:
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#CNBCTV LIVE: Biden signs China competition bill to boost U.S. chip production — 8/2/22