U.S. Commerce Secretary Gina Raimondo said on Monday a proposed $52 billion boost in U.S. government funding for semiconductor production and research could result in seven to 10 new U.S.. | May 25, 2021
US $52 billion chip funding could help ease the global chip shortage PUBLISHED BY
The semiconductor chip shortage is far from over but this hasn’t stopped governments around the globe from getting creative to move production ahead. The impact of the chip crisis on the automotive market has been debilitating, resulting in competition between automakers and electronics manufacturers. To prevent the global chip shortage from razing the economy to the ground the
U.S. Commerce Secretary Gina Raimondo has proposed a
$52 billion boost in
U.S. government funding for semiconductor production and research which could result in seven to 10 new U.S. factories.
U S chip funding could result in seven to 10 new factories - officials reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
REUTERS
U.S. Commerce Secretary Gina Raimondo: We just need the federal money . to unlock private capital.
U.S. Commerce Secretary Gina Raimondo said a proposed $52 billion boost in government funding for semiconductor production and research could result in seven to 10 new U.S. factories.
Raimondo said she anticipated the government funding would generate $150 billion-plus in investment in chip production and research - including contributions from state and federal governments and private-sector firms. We just need the federal money . to unlock private capital, Raimondo said on Monday, adding, it could be seven, could be eight, could be nine, could be 10 new factories in America by the time we re done.