Commerce Secretary Raimondo Urges Passage of CHIPs Act, Praises Samsung $17B Fab and Updates on Agency’s Chip Policy
The Department of Commerce is implementing policies that could lead the U.S. firmly towards one of the best scenarios discussed in our recent OODA Loop Stratigame “Scenario Planning for Global Computer Chip Supply Chain Disruption.”
On November 29th, Gina M. Raimondo, U.S. Department of Commerce Secretary, addressing the Detroit Economic Club, urged Congress to pass the CHIPs Act, which she argues will enhance U.S. competitiveness, strengthen national defense and create high wage, high skilled jobs.
Days earlier, the Secretary released a statement lauding Samsung for the company’s commitment to build a $17 Billion chip fab in Taylor, Texas: “Increasing domestic production of semiconductor chips is critical for our national and economic security, and we look forward to continued partnership with Samsung and other semiconductor manufacturing companies looking to build out their capabilities in the U.S.”, said Raimondo. In her speech at the Econ Club, she also praised the Ford Motor Company’s commitment to chip collaboration with GlobalFoundries, including the expansion of manufacturing.
Recent policies are further positive signs that the chip shortage and the need to strategically increase domestic chip production are being taken seriously by the Commerce Secretary and her org chart at the agency.
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