White Houses pushes for chips funding as Intel loses patience

Photo by Tasos Katopodis / Getty Images

It’s been over a year since the Senate passed its bill to boost domestic semiconductor manufacturing — but with time running out before Congress’ August recess, the White House is pushing hard to make sure that funding gets through.

On Wednesday, Secretary of Commerce Gina Raimondo led a classified briefing with senators stressing the importance of chip funding as a national security concern. If Congress couldn’t agree on the broader bill before its upcoming recess, Raimondo urged it to pass the $52 billion in chip manufacturing incentives by itself.

“The message is, ‘Time’s up,’” Secretary of Commerce Gina Raimondo told CNN after the briefing. “It’s time to make it happen.

“It’s time to make it happen”

Passed as the US Innovation and…

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Generated by Feedzy