US commerce secretary presses lawmakers to greenlight US$52 billion for chipmaking

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WASHINGTON: US Commerce Department Secretary Gina Raimondo on Monday (Jun 27) stepped up pressure on Congress to approve US$52 billion in funding for chipmakers to expand operations, warning that firms would abandon American expansion plans without the legislation. 'Mark my words ... if Labor Day comes and

WASHINGTON: US Commerce Department Secretary Gina Raimondo on Monday stepped up pressure on Congress to approve US$52 billion in funding for chipmakers to expand operations, warning that firms would abandon American expansion plans without the legislation.

Both houses of Congress have passed versions of legislation to make the United States more competitive with China that include the chip funding.

 

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