US Commerce chief: Funding for semiconductor production could slip to 2022

US Commerce chief: Funding for semiconductor production could slip to 2022

8/12/2021 4:33:00 AM

US Commerce chief: Funding for semiconductor production could slip to 2022

WASHINGTON : U.S. Commerce Secretary Gina Raimondo on Tuesday said efforts in Congress to approve US$52 billion to expand U.S. semiconductor manufacturing could slip into 2022.Raimondo is still pushing U.S. lawmakers to pass funding to address the ongoing chip supply crisis that has cut auto production an

WASHINGTON : U.S. Commerce Secretary Gina Raimondo on Tuesday said efforts in Congress to approve US$52 billion to expand U.S. semiconductor manufacturing could slip into 2022.Raimondo is still pushing U.S. lawmakers to pass funding to address the ongoing chip supply crisis that has cut auto production and impacted other industries. She said senior lawmakers are committed to addressing the issue.

"If it doesn't get done, on Jan. 1 we're going to go at it again," Raimondo told reporters at a joint press conference with European Commission Executive Vice President Margrethe Vestager. "The only reason it wouldn't happen is that they have an incredibly busy docket" and there are only a few legislative days left.

Read more: CNA »

Britain considers ministerial boycott of 2022 Beijing Olympics - The TelegraphBritain is considering approving a limited government attendance at the Beijing Olympics that would stop short of a full-on diplomatic boycott, The Telegraph reported on Wednesday.A spokesperson for Prime Minister Boris Johnson said on Tuesday that Britain was yet to take a decision on whether government Gunboat diplomacy again?

Djokovic named in Serbia team for 2022 ATP Cup in SydneySYDNEY : Novak Djokovic was named in the Serbian team for the men's season-opening ATP Cup in January in Sydney, although the world number one was yet to commit to the Australian Open following the organisers' mandate for COVID-19 vaccinations.The draw for the third edition of the ATP Cup was held in Sydn

South Africa's Biovac to start making Pfizer-BioNTech COVID-19 vaccine in early 2022KIGALI: South Africa\u0027s Biovac Institute will start making Pfizer-BioNTech\u0027s COVID-19 vaccine early next year after receiving the drug substance from facilities in Europe, a Pfizer executive said on Monday (Dec 6). That earlier than the forecast start at around the second half of 2022 given by Cape Town-bas

China will keep economic operations within reasonable range in 2022BEIJING : China's politburo, the country's top-decision making body, said on Monday that it would keep economic operations within reasonable range in 2022, the official Xinhua news agency said.China will continue to implement proactive fiscal policy and prudent monetary policy next year, the politburo sai

China's Zhangjiakou to deploy 655 hydrogen buses for 2022 Winter GamesBEIJING : China's Zhangjiakou city will deploy 655 hydrogen-fuelled buses in the competition zone during the 2022 Beijing Winter Olympic Games, the state-backed Xinhua News Agency reported on Monday.China, the world's biggest greenhouse gases emitter, vowed to host a 'green' Olympics by using high-technol

China's economy expected to grow 5.3per cent in 2022, says govt think tankBEIJING : China's economy is expected to grow around 5.3per cent in 2022, bringing the average annual growth rate forecast for 2020-2022 to 5.2per cent, the Chinese Academy of Social Sciences (CASS), a top government think tank, said on Monday. Advisers to the government will recommend that authorities se good

LinkedIn WASHINGTON : U.S. Commerce Secretary Gina Raimondo on Tuesday said efforts in Congress to approve US$52 billion to expand U.S. semiconductor manufacturing could slip into 2022. Raimondo is still pushing U.S. lawmakers to pass funding to address the ongoing chip supply crisis that has cut auto production and impacted other industries. She said senior lawmakers are committed to addressing the issue. "If it doesn't get done, on Jan. 1 we're going to go at it again," Raimondo told reporters at a joint press conference with European Commission Executive Vice President Margrethe Vestager. "The only reason it wouldn't happen is that they have an incredibly busy docket" and there are only a few legislative days left. Business leaders are increasingly pessimistic Congress can reach agreement on chips funding before they leave for the holidays. On Nov. 17, House and Senate leaders said they would negotiate toward final agreement on a bill to boost U.S. technology competitiveness with China and semiconductor manufacturing. The Senate approved legislation in June to award US$52 billion for semiconductor manufacturing and authorize US$190 billion to strengthen U.S. technology and research. Representative Eddie Bernice Johnson, who chairs the House Science, Space, and Technology Committee, said Thursday at a hearing she backs funding but said"a one-time infusion of funding will not be enough to maintain U.S. leadership in microelectronics innovation." Representative Frank Lucas, the top Republican on the panel, said lawmakers have"been ready to go for months....Time is short to address our future domestic chip needs. We need to act now because I can tell you that our competitors aren’t waiting." (Reporting by David Shepardson; Editing by Cynthia Osterman) Source: Reuters