Biden has $52 billion for semiconductors. Today, work begins to spend that windfall

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President Biden holds a semiconductor chip in this 2021 file photo. The White House is working out how to spend $52 billion that Congress has provided to spur U.S. chip manufacturing plants.

President Biden is touting new semiconductor investments in New York today. Back at the White House, a new team is meeting with cabinet members to work out how to spend $52 billion from Congress.

(Image credit: Saul Loeb/AFP via Getty Images)

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