Biden: CHIPS bill will ensure the US remains a global leader in AI

US President Joe Biden commemorated the 2nd anniversary of the CHIPS and Science Act on Friday and emphasized that the bill is “for the United States to continue to be a world leader in AI and other technologies.”

In his statement, Mr. Biden once again emphasized that although the United States began the semiconductor trend, the country's chip production share in the global market went from 40% to only about 10% over time.