by Tyler Durden
Tuesday, May 25, 2021 - 02:10 PM
At an event outside a US Micron Technology Inc chip factory on Monday, Commerce Secretary Gina Raimondo told an audience that a proposed bill on Capitol Hill for $52 billion could bolster domestic semiconductor manufacturing by funding seven to 10 new US factories, according to Reuters.
Raimondo told the audience in a tented event outside of Micron s Manassas, Virginia, chip factory that she expects the $52 billion proposal to enhance US competitiveness with China would generate $150 billion-plus in investment for chip manufacturing and research from state and federal governments and private-sector firms.
Great visit yesterday of @MicronTech w/ CEO Sanjay Mehrotra, Sen @MarkWarner, Sen @JohnCornyn, & Mayor @MDavisYounger.