Raimondo is visiting a United Auto Workers native corridor and assembly with Michigan politicians, officers from General Motors Co, Ford Motor and Chrysler-parent Stellantis on the chips push.
US Commerce Secretary Gina Raimondo will on Monday make a pitch in Michigan for Congress to approve $52 billion to increase US semiconductor manufacturing even because it continues to evaluation information on the chips market from firms around the globe.
Raimondo is visiting a United Auto Workers native corridor and assembly with Michigan politicians, officers from General Motors Co, Ford Motor and Chrysler-parent Stellantis on the chips push.
Detroit’s Big Three automakers and different world automakers have been pressured to chop manufacturing and even make some autos with out options like heated seats or digital speedometers due to semiconductor scarcity.
In September, the Commerce Department issued a request for info on the chips market to automakers, chip firms and others, saying the data would increase supply-chain transparency, and set a Nov. 8 deadline to reply.
Raimondo informed reporters greater than 150 corporations “including many companies in Asia” voluntarily submitted information to the division. “We’re very pleased with the volume of response,” Raimondo stated. “These are extremely detailed and we’re still evaluating the quality of the submissions.”
The Senate-approved laws would award $52 billion for semiconductor manufacturing and authorize $190 billion to strengthen US know-how and analysis.
Raimondo stated it will likely be “several more weeks” earlier than the division will provide its evaluation. She additionally expects to share a high-level abstract however pledged to guard confidential firm information.
She added it’s too quickly to say if the division might want to invoke obligatory measures to get extra information: “It’s still an option.”
On Nov. 17, House and Senate leaders stated they are going to negotiate looking for closing settlement on a invoice to spice up US know-how competitiveness with China and semiconductor manufacturing. The Senate-approved laws would award $52 billion for semiconductor manufacturing and authorize $190 billion to strengthen US know-how and analysis.
“We need the House to pass its version of the CHIPS Act,” Raimondo plans to say Monday in a separate Detroit Economic Club look in line with excerpts launched by her workplace. “China, Taiwan, the EU, and so many others are all moving forward, while the United States is playing catch up. We cannot afford to fall behind.”
Raimondo will add the United States wants “our partners and allies to maintain a strong global supply chain and address this shortage. That’s why Commerce is pursuing strategies like ‘nearshoring’ and ‘friendshoring,’ so like-minded partners are integrated into our supply chains “
Last week, Samsung Electronics stated it had picked Taylor, Texas as the situation for a brand new $17 billion plant to make superior chips.
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With inputs from NDTV
