Gina Raimondo says ‘we’ve out-innovated China’ amid chips war

Gina Raimondo says ‘we’ve out-innovated China’ amid chips war

Commerce Secretary Gina Raimondo proudly held up the progress of American industry on semiconductor manufacturing Sunday, declaring that the U.S. has “out-innovated” China as the two nations fight to advance their domestic technology manufacturing. Semiconductor manufacturing has been a major priority of President Biden’s domestic policy, with Raimondo at the head. Biden has repeatedly held … Read more

Biden administration agrees to provide billions to Samsung to expand chip manufacturing in Texas

Biden administration agrees to provide billions to Samsung to expand chip manufacturing in Texas

The Biden administration on Monday announced a multibillion-dollar agreement with Samsung, which will invest in semiconductor chip manufacturing in Texas. The $6.4 billion preliminary deal is the latest agreement struck using funds from the CHIPS and Science Act, a bipartisan law Biden signed in 2022. Samsung is expected to invest more than $40 billion in … Read more