Wolf, Carnegie Mellon president among Pennsylvanians at Biden’s signing of CHIPS and Science bill

rominent Pennsylvanians attended President Joe Biden’s signing of the CHIPS and Science Act, a new law that directs billions to spur domestic semiconductor manufacturing and could potentially unlock billions more for scientific research.

Gov. Tom Wolf and Carnegie Mellon University President Farnam Jahanian were among a large audience Tuesday on the White House South Lawn as Mr. Biden signed the bipartisan bill into law, which will provide $52 billion for the industry and a 25% tax incentive for companies that invest in domestic chip manufacturing.

The act also authorizes about $200 billion to be appropriated over the next decade for various research programs, a portion of the legislation that garnered the backing of universities and tech councils.