The semiconductor component manufacturing company will build U.S. facility. The Department of Commerce signed a preliminary memorandum of terms with Absolics, an affiliate South Korean company that produces…
Read MoreSemiconductors
Commerce Department Announces Agreement for Samsung Chip Facilities
Preliminary agreement proposes investing $6.4 billion into facility construction and expansion in Texas. The Department of Commerce announced that it has reached a non-binding domestic manufacturing agreement with…
Read More
Commerce Secretary Holds Annual Meeting with Japan Counterpart
They review progress on economic cooperation in Washington, D.C. This week, Commerce Secretary Gina Raimondo and Japanese Minister of Economy, Trade, and Industry (METI) Saito Ken held their…
Read MorePreliminary Agreement with Taiwan Semiconductor Manufacturer Announced
President Biden says, if finalized, will provide $6.6 billion to build U.S.-based manufacturing facilities This week, President Joe Biden announced a preliminary agreement with the Taiwan Semiconductor Manufacturing…
Read More
Secretary Blinken Says Ukraine Will Become NATO Member
He and other member representatives discuss the annual summit to be held in Washington. U.S. Secretary of State Antony Blinken and other leaders from the North Atlantic Treaty…
Read More
Commerce Department Reaches Preliminary Agreement with Intel
CHIPS funding would support Intel manufacturing in four states. The Commerce Department announced that it has reached a preliminary agreement with Intel Corporation, offering the company $8.5 billion…
Read More
Commerce Secretary Speaks on CHIPS and Science Act Anniversary
She and the president intend for the U.S. to produce 20 percent of the world’s leading-edge microchips by 2030. Secretary of Commerce Gina Raimondo recently spoke at the…
Read MoreLabor Department Develops Workforce Exchange Program with Japan
A department leader visits Japanese semiconductor centers to organize an exchange. The Department of Labor’s Principal Deputy Assistant Secretary Brent Parton visited Japan over the weekend to organize…
Read More
Senate Subcommittee Chair Disappointed U.S. Chips Found in Russian Weapons
He says U.S. companies have the ability to track their products and do more. The Senate held a hearing with U.S. microchip manufacturers on Tuesday, reviewing reports that…
Read More
White House Announces $5 Billion for Semiconductor Research
The administration establishes a center for research and a public-private development consortium. President Biden’s administration has announced a $5 billion investment into domestic semiconductor research and development (R&D),…
Read More