Commerce Secretary presses for chips funding

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US Commerce Secretary Gina Raimondo will call on House lawmakers to pass a bill to increase funding for semiconductor manufacturing during a speech in Detroit on Monday.

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why it matters: A global chip shortage is slowing production of everything from appliances to vehicles. Senate in June passed a bill That includes $52 billion for domestic semiconductor manufacturing, but the House has yet to act.

Running news: According to excerpts shared with Nerdshala, Raimondo intended to highlight the importance of semiconductors to the auto industry and broader American innovation in a speech before the Detroit Economic Club.

  • The average electric vehicle has about 2,000 chips, which Raimondo says is twice the average number of chips in a gas-powered vehicle.
  • She will convene the House to pass her version of the CHIPS Act.

What are they saying: “Semiconductors aren’t just essential to building the cars and trucks we need today,” Raimondo would say. “They’re essential to driving innovation tomorrow.”

Between the lines: Senate Passed The US Innovation and Competition Act, or USICA, by a bipartisan vote of 68–32, but the House Not Taken Bill up.

  • Earlier this month, Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosic plan announced To negotiate an agreement to deliver the final bill to the president “as soon as possible.”
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reality check: With a limited number of days on the legislative calendar, it is unclear whether the bill will go to the president this year.


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