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US President Joe Biden Pushes Congress to Pass $52 Billion Bill to Boost US Chip Production

US President Joe Biden pressed Congress on Monday, asking it to pass a bill to provide US chipmakers with $52 billion (roughly Rs. 4,14,800 crore) in subsidies to reduce foreign sourcing for semiconductors. He cited both the economic and national security "imperative" of securing production of the tiny components needed for everything from smartphones to cars and weap...

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