Biden’s semiconductor law to ramp up U.S. chip production, report finds

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President Joe Biden answers questions from reporters as he speaks in the State Dining Room of the White House in Washington, Nov. 9, 2022. (AP Photo/Susan Walsh, File) WASHINGTON (AP) — A sweeping 2022 law, touted by President Joe Biden as a way to revive U.S. manufacturing of semiconductors and reduce the country’s reliance on foreign-made computer chips, will “sharply increase production’’ of semiconductors in the United States. But it will do so at a high cost and might not deliver the best bang for the buck, concludes a report out Wednesday by an economic think tank in Washington. Researchers...