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.
"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.
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.
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