US Commerce secretary highlights 'tough' talks under way with chipmakers over grants
World BusinessFeb 27, 2024
US Commerce Secretary Gina Raimondo reiterated Monday that "tough" talks have been under way with advanced semiconductor companies over grants to be awarded under a program to reinvigorate chip manufacturing in the United States. Speaking at a forum, Raimondo said that the US government has thus far received over 600 statements of interest from relevant companies, and that "leading-edge" companies alone have requested more than $70 billion in grants for their manufacturing pr