(Bloomberg) -- The CHIPS and Science Act, which President Joe Biden is poised to sign into law next week, was pitched as a once-in-a-lifetime chance to revitalize the US semiconductor industry and counter Asia’s manufacturing power. What went less discussed was the legislation’s environmental impact. The bill is poised to pump $52 billion into an industry that devours energy and produces toxic waste -- at a time when a global surge in chip demand is already turning companies into bigger polluter
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A Taiwanese microchip tycoon has pledged $100m (£82m) towards his country’s defences and urged citizens to stand up to the “evil” Chinese Communist Party.