Raimondo is visiting a United Auto Workers native corridor and assembly with Michigan politicians, executives from General Motors Co., Ford Motor and Chrysler-parent Stellantis over the chips push.
US Commerce Secretary Gina Raimondo will make a pitch to Congress in Michigan on Monday to approve $52 billion to develop US semiconductor manufacturing whereas it continues to overview chips market information from corporations around the globe.
Raimondo is visiting a United Auto Workers native corridor and assembly with Michigan politicians, executives from General Motors Co., Ford Motor and Chrysler-parent Stellantis over the chips push.
Detroit’s Big Three automakers and different world automakers have been pressured to chop manufacturing because of semiconductor shortages and even construct some automobiles with out heated seats or options like digital speedometers.
In September, the Commerce Department issued a request for info on the chips market to automakers, chip corporations and others, saying the data would promote supply-chain transparency, and had a November 8 deadline to reply. will set the restrict.
Raimondo instructed reporters that greater than 150 corporations “including several companies in Asia” have voluntarily submitted information to the division. “We are very pleased with the amount of response,” Raimondo mentioned. “These are extremely detailed and we are still evaluating the quality of the submissions.”
The Senate-approved laws would award $52 billion to semiconductor manufacturing and authorize $190 billion to strengthen US know-how and analysis.
Raimondo mentioned it might take “several more weeks” for the division to current its evaluation. She additionally hopes to share a high-level abstract however pledges to guard confidential firm information.
He mentioned it was too early to say whether or not the division would want to implement necessary measures to acquire further information: “It is still an option.”
On November 17, House and Senate leaders mentioned they’d negotiate a requirement 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 to semiconductor manufacturing and authorize $190 billion to strengthen US know-how and analysis.
“We need the House to pass our version of the CHIPs Act,” Raimondo plans to say Monday in a separate Detroit Economic Club look, in accordance with excerpts launched by his workplace. “China, Taiwan, the European Union and many others are all moving forward, while the United States is catching up. We can’t stay behind.”
Raimondo will affiliate the United States with “our partners and allies to maintain a strong global supply chain and address this shortfall. This is why commerce is pursuing strategies such as ‘nearshoring’ and ‘friendshoring’, so similar Like-minded partners are integrated into our supply chain.”
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Last week, Samsung Electronics mentioned it had chosen Taylor, Texas as the placement for a brand new $17 billion plant to make superior chips.
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With inputs from NDTV
