Commerce Secretary Gina Raimondo laid out a four-step plan in how the department will invest $50 billion to boost domestic manufacturing of semiconductor chips. It’s called Chips for America.
The COVID-19 pandemic caused a huge shortage of chips, hiking up the price of everyday goods, compromising national security, and even slowing down innovation. But now, she says this historic investment is going to make sure the U.S. is never in a position where its national security interests are compromised or key industries are immobilized due to our ability to produce essential semiconductors here at home.
Click play to listen to the report from AURN White House Correspondent Ebony McMorris. For more news, follow @E_N_McMorris & @aurnonline.
