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Department of Commerce

Reuters | Equities.com |

U.S. Commerce Secretary Gina Raimondo said on Monday a proposed $52 billion boost in U.S. government funding for semiconductor production and research could result in seven to 10 new U.S. factories.

Raimondo said at an event outside a Micron Technology Inc chip factory that she anticipated the government funding would generate "$150 billion-plus" in investment in chip production and research - including contributions from state and federal governments and private-sector firms.


Reuters | Equities.com |

The Biden administration said Friday it wants new public input on establishing licensing or other procedures to help companies comply with a sweeping new rule targeting Chinese technology firms.

On Monday, the U.S. Commerce Department allowed a regulation issued under then President Donald Trump in January to take effect over objections from U.S. business groups.