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 Center for Strategic and International Studies, where she marked the one year of the CHIPS and Science Act. She recapped the major investments made into three semiconductor manufacturers through the legislation and expects that further implementation of the act will allow the U.S. to produce 20 percent of the world’s semiconductors by 2030.

“We’re making tremendous progress in implementing President Biden’s vision of a strong and vibrant American manufacturing sector,” said Secretary Raimondo. “Together, we are rebuilding our industrial base, supercharging American innovation, creating hundreds of thousands of good-paying jobs, and meeting the monumental challenges of our time.”

As the Lord Leads, Pray with Us…

  • For Secretary Raimondo to be led by the Lord as she promotes the domestic production of microchips.
  • For U.S. commerce officials to be discerning as they support the manufacture of leading-edge semiconductors.

Sources: Department of Commerce


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