U.S. President Joe Biden speaks before signing the CHIPS and Science Act of 2022 during a ceremony on the South Lawn of the White House on Aug. 9, 2022, in Washington, DC. The centerpiece of the legislation is $52 billion in funding aimed at boosting U.S semiconductor chip manufacturing and continued scientific research in the field to better compete with Chinas increasing dominance in the sector.    (Chip Somodevilla/Getty Images North America/TNS)