Highlights “systemic vulnerabilities” and changes to address them. Infant formula supplies in the U.S. have been improving recently, with in-stock rates reaching 80 percent last week, up from…
Read MoreManufacturing
President Promotes Electric Vehicles in Michigan
Outlines plan for a network of 500,000 charging stations. President Joe Biden made an appearance this week at the North American International Auto Show being held in Detroit,…
Read More
Secretary Raimondo Speaks About Microchip Subsidies
Commerce Department will process applications one by one. Secretary of Commerce Gina Raimondo recently spoke about future investments in domestic semiconductor manufacturing. Congress approved the $52.7 billion CHIPS…
Read More
Secretary Yellen Gives Economic Policy Speech in Detroit
Touts investments into “forgotten and overlooked” industry communities. Treasury Secretary Janet Yellen gave a speech in Detroit, Michigan, on Thursday in support of the strategies of President Biden’s…
Read More
Pentagon Halts Delivery of F-35 Fighter Jets
Engine component is discovered to have been made in China. The Pentagon has stopped the delivery of F-35 aircraft from Lockheed Martin Corp. after the manufacturer discovered a…
Read More
Commerce Department Publishes CHIPS RFI Summary
Analysis synthesizes public responses to strategy development. The Department of Commerce has released a detailed summary documenting the responses to their Request for Information (RFI) for the Creating…
Read More
Administration Outlines Semiconductor Production Plan
CHIPS and Science Act allots $50 billion. On Monday, President Biden’s administration unveiled its plan for boosting domestic chip production in the U.S. through the $50 billion in…
Read More
President Announces $1 Billion in Regional Economic Development
Twenty-four states will receive assistance under the American Rescue Plan. President Joe Biden and Commerce Secretary Gina Raimondo held a virtual event Friday with winners of grant money…
Read More
Job Openings Increased in July
The hiring pace slowed for the fourth month in a row. The U.S. Department of Labor announced Tuesday that job openings rose in July as employers become less…
Read MoreDepartment of Commerce Launches CHIPS.gov Website
The online resource assists in program implementation. Last week, the Department of Commerce announced the launch of the CHIPS.gov website. Paired with President Biden’s executive order, the website…
Read More