One year later, Secretary Raimondo emphasizes the importance of the United States taking the lead in protecting the nation’s economic and national security through the production of CHIPS.

One year after delivering a speech at Georgetown University’s School of Foreign Service outlining her vision for implementing President Biden’s CHIPS and Science Act, U.S. Secretary of Commerce Gina Raimondo provided an update on its progress. During her remarks at the Center for Strategic and International Studies (CSIS), Secretary Raimondo emphasized the need for America to lead in the production of semiconductors to protect both economic and national security.

In her speech, Secretary Raimondo highlighted the unprecedented demand for leading-edge chips from the semiconductor industry, driven by the emergence of artificial intelligence (AI) as a game changer. She stressed the importance of successfully implementing the CHIPS initiative and being bold in our vision to continue leading in AI and other central technologies.

To date, CHIPS for America has received over 600 statements of interest from companies looking to invest in America’s semiconductor industry. Three investments have already been made in current and mature chip companies, with more major announcements expected in the coming weeks. This progress puts America on track to produce 20% of the world’s leading-edge logic chips by 2030, up from zero percent currently.

In addition, over 50 community colleges across 19 states have expanded their programming to support semiconductor industry opportunities, and the National Semiconductor Technology Center has been established to address R&D challenges and develop a skilled workforce.

“We’re making tremendous progress in implementing President Biden’s vision of a strong and vibrant American manufacturing sector,” said Secretary Raimondo. “Our investments in leading-edge logic chip manufacturing will not only boost our economy and create good-paying jobs, but also strengthen our national security and ensure America remains a leader in AI and other critical technologies.”

As the demand for leading-edge chips continues to grow, Secretary Raimondo reiterated the need for America to lead in their production and emphasized the importance of the CHIPS initiative in achieving this goal. With bold vision and strong investments, America is on track to secure its economic and national security for years to come.  

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