US Department of Commerce Head Announces Chip Funding Could Result In Ten New Plants
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 rese...
Source: zerohedge.com