“This investment that they’re making is contingent upon Congress passing the CHIPS Act [funding],” Raimondo said.
Supply chain snarls have kept a variety of industries, most notably the automotive industry, from being able to secure semiconductor chips, all while demand soars.
"Semiconductor demand is going to double in the next 10 or 11 years. It takes a couple of years to get a new facility up and running, which means these companies have to make their decisions now. GlobalWafer has made the announcement today because they need to have the cement in the ground at the facility in November," Raimondo said.
The commerce secretary, who has previously rallied for Congress to support a more robust American semiconductor industry to rely less on foreign suppliers, reiterated that time is of the essence. "It's time, I think, for people to get much more practical. … Everyone has to realize you're not going to get everything you want. We have to winnow this down to the essential items, get this passed and move quickly," she said.Disclaimer
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Intel delays groundbreaking on Ohio chip plant over legislative uncertainty.Intel has indefinitely delayed its groundbreaking for one of the largest chip-manufacturing plants in the United States due to the uncertainty of potential funding provided by Congress.
Weiterlesen »
Ford Focus To Be Phased Out In 2024, German Plant Axed In Shift To EVs | CarscoopsSaarlouis factory lost out to Valencia plant in Spain in bid to build new EVs
Weiterlesen »
Ghislaine Maxwell moved to solitary confinement, attorney asks to postpone sentencingGhislaine Maxwell's attorney wants to postpone Tuesday's hearing because Maxwell was suddenly moved to solitary confinement.
Weiterlesen »
NIH’s vaunted program for solving puzzling medical cases is running out of moneyFunding is winding down for a highly regarded NIH program called the Undiagnosed Diseases Network—and some, including patient advocates, are scrambling to persuade Congress to restore full funding or keep at least parts of it afloat.
Weiterlesen »
U.S. pending home sales rebound in May, reversing a six-month declineU.S. pending home sales rose 0.7% in May, the National Association of Realtors said Monday.
Weiterlesen »
Intel Delays Groundbreaking on Ohio's 'Silicon Heartland' over 'Uncertainty' on Federal Chip LegislationIntel has delayed the groundbreaking ceremony for its new Ohio plant referred to by the company’s CEO as the start of a “Silicon Heartland” due to worries over a proposed law designed to support U.S. semiconductor production.
Weiterlesen »