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Joe Biden
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Biden signed the bipartisan CHIPS and Science Act in 2022, giving the US government a major programme of incentives for domestic semiconductor manufacturing and research. Commerce Department awards followed, including a final Samsung agreement in December 2024. This is targeted public support for industrial capacity rather than blanket nationalisation. Congress, agency teams, states and companies shared responsibility. Announced investment and projected jobs should be distinguished from completed factories, actual employment and the eventual public return on the funding.
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