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Commerce Secretary Gina Raimondo Lays Out Semiconductor Investment Goals

Commerce Secretary Gina Raimondo Lays Out Semiconductor Investment Goals

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Gina Raimondo, secretary of the Department of Commerce, has issued long-term goals and priorities to support the implementation of investments from the CHIPS and Science Act to strengthen the U.S. semiconductor industry.

During her remarks at Georgetown University’s School of Foreign Service, Raimondo said the Commerce Department will incentivize domestic semiconductor manufacturers; provide funding to facilities focused on chips research, development and production; and invest $11 billion in building the semiconductor R&D ecosystem through the creation of a national center.

The planned National Semiconductor Technology Center will work as a public-private collaborative effort to bring together government and industry leaders to spur innovation in the semiconductor industry.

“I want the United States to be the only country in the world where every company capable of producing leading-edge chips will have a significant R&D and high-volume manufacturing presence,” the secretary said.

Raimondo said another priority is boosting hiring and training efforts across the U.S. semiconductor sector and urged companies to collaborate with academia to produce 100,000 new technicians over the next decade.

The announcement follows the appointment of leaders and staff who will serve in the CHIPS Program Office to help guide the implementation of semiconductor investments from the bipartisan law.