WASHINGTON — The global semiconductor industry is turning into an international arms race, and the United States is jumping in.

President Joe Biden is expected to sign a bill with sizable tax credits and $52 billion in incentives to boost domestic chip production, as well as billions more in funding for scientific research and development.

Recommended Stories

NDAA needs to tighten national security restrictions on chips made in China

Taiwanese tech giant plans big new investment in Arizona semiconductor factory

A semiconductor shortage is negatively affecting the auto industry