The two leaders discussed the progress in semiconductor production and other collaborative efforts. U.S. Department of Commerce Secretary Gina Raimondo and Korean Minister of Trade, Industry, and Energy…
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House Committee Announces Critical Mineral Supply Policy Group
Legislators will develop measures to transition the U.S. away from reliance on Chinese minerals. The members of the House Select Committee on China recently announced a new work…
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Commerce Department Announces Agreement with SolAero
A $23 Million preliminary agreement would expand radiation-resistant semiconductors for solar panels. The Commerce Department recently signed a non-binding preliminary agreement with SolAero Technologies under the CHIPS and…
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Commerce Department Signs Preliminary Agreement with Korean Affiliate
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 MoreCommerce 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…
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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…
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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…
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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…
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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…
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