Commerce Secretary Gina Raimondo emphasized that the CHIPS Act is not only about new factories; it aims to fundamentally revitalize the semiconductor ecosystem in the U.S. with American workers, showcasing the administration's vision for manufacturing growth.
The timing of the announcement regarding the $325 million funding for Hemlock Semiconductor was explained by a senior administration official as being more about grant negotiations than political strategy, indicating a focus on economic development.
Collection
[
|
...
]