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Events on Tuesday 9 August 2022 2
1934 – 2022Raymond Briggs (1934-2022)Died 9 August 2022, aged 88English illustrator and author of The Snowman and When the Wind Blows.
2022US CHIPS Act — $52 billion for domestic semiconductor productionThe US CHIPS and Science Act is signed into law by President Biden on 9 August 2022, providing $52 billion in subsidies for domestic semiconductor manufacturing plus 25% tax credits for chip factory construction. The Act is explicitly aimed at reducing dependence on Taiwanese chip manufacturing and reducing China's ability to coerce Taiwan. TSMC, Samsung and Intel are the primary beneficiaries. The legislation marks the most significant US industrial policy intervention since the Manhattan Project.