Pres. Biden Signs $280B CHIPS Act In Bid To Boost U.S. Over China
The legislation sets aside $52 billion specifically to bolster the U.S. computer chip sector.LEARN MORE
During a California visit Friday, he intends to highlight how the CHIPS act will help companies reduce their reliance on overseas chip manufacturers.
President Joe Biden on Friday is set to tour a Southern California communications company that is expected to benefit from his legislative push to bolster American semiconductor manufacturing — and he's taking a vulnerable Democratic congressman with him.
President Biden will be joined by Rep. Mike Levin for the visit to Carlsbad-headquartered Viasat as he looks to highlight the CHIPS and Science Act, a $280 billion legislative package, ahead of Tuesday's midterm elections. The bill is one of the Biden administration's most significant legislative achievements.
Levin, a two-term congressman representing a San Diego-area district that was once a GOP stronghold, is locked in a tight race with former San Juan Capistrano Mayor Brian Maryott. President Biden headlined a rally Thursday night in Oceanside, California, for Levin.
Coronavirus pandemic-era supply disruptions and a dearth of domestic chip manufacturing hampered Viasat, which relies on such components for services it provides to industrial customers and the U.S. military. President Biden intends to use the event to highlight how the CHIPS act will help companies like Viasat reduce their reliance on overseas chip manufacturers, according to the White House.
Later Friday, President Biden will head to Chicago to participate in a political reception. President Biden is heading to the Democratic stronghold amid signs that some House members representing suburban Chicago districts may be facing more competitive than expected reelection battles.
The Congressional Leadership Fund, a super political action committee, or super PAC, aligned with the GOP House leadership, this week announced a $1.8 million ad buy targeting Democratic Rep. Sean Casten, who represents a district that President Biden won by about 11 percentage points in 2020. Rep. Kevin McCarthy of California, the House minority leader, is due to campaign with GOP challenger Keith Pekau in the district Friday.
Additional reporting by The Associated Press.
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