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    Biden signs semiconductor bill into law, though Trump raid overshadows event

    This was supposed to be a week where President Biden celebrated a series of legislative victories. But it was overtaken by news that FBI agents had searched the home of former President Donald Trump.
    by Barbara Sprunt Aug 09, 2022 3 minutes
    President Biden signed the CHIPS and Science Act on the South Lawn of the White House on August 9. The legislation is aimed at boosting the domestic production of semiconductors.

    President Biden on Tuesday heralded legislation that will pump more than $50 billion into research and manufacturing of semiconductor chips, which power everything from medical devices and cars to computers and weapons systems, as a "once-in-a-generation investment in America itself."

    "Today America is delivering, and I honest to God believe that 50, 75, 100 years from now, people who will look back on this week, they'll know that we met this moment,"

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