Today, U.S. Secretary of Commerce Gina Raimondo met with First Deputy Prime Minister and Minister of Economy of Ukraine Yulia Svyrydenko. During the meeting, Secretary Raimondo re-affirmed the Biden-Harris Administration’s commitment to Ukraine’s sovereignty and the Department of Commerce’s commitment to supporting Ukraine in its response to Russia’s continued aggression. They discussed Under...

Proposed Investment Would Support Expansion and Modernization of Existing Campus and Create Over 250 Manufacturing and Construction Jobs Today, the Biden-Harris Administration announced that the Department of Commerce and HP Inc. have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $50 million in proposed direct funding under the CHIPS and Science Act. The proposed...

Today, the United States announced its list of critical sectors and key goods for potential cooperation under the IPEF Supply Chain Agreement to strengthen supply chain resiliency. This is a key milestone in implementing the IPEF Supply Chain Agreement to establish a framework for deeper collaboration to prevent, mitigate, and prepare for supply chain disruptions. The IPEF Supply Chain Council...

U.S. Department of Commerce Outlines $1.6 Billion in Proposed Funding to Support Multiple Projects in Texas and Utah to Increase Production of Chips Vital for U.S. Economic and National Security Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Texas Instruments (TI) have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $1.6...

Today, the U.S. Department of Commerce announced it will hold, with the Council on Foreign Relations, a Supply Chain Summit in Washington, D.C. on September 10, 2024. The Supply Chain Summit will explore efforts taken by government and industry to shift from reacting to global supply chain disruptions to proactively strengthening supply chain resilience. The Summit will gather leaders from...

On Monday, U.S. Secretary of Commerce Gina Raimondo convened a roundtable discussion with investors to discuss non-market actions from the People’s Republic of China (PRC) that threaten to distort the market for mature node (or “legacy”) semiconductors. Secretary Raimondo emphasized her concern that over the past few years, the U.S. has seen signs of concerning practices from the PRC to...

Biden-Harris Administration’s Bipartisan CHIPS and Science Act Attracts All Five Major Leading-Edge Logic and Memory Companies to Produce Chips on U.S. Soil Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and SK hynix have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $450 million in proposed federal incentives under the CHIPS and...

Today, the U.S. Department of Commerce announced further progress in operationalizing the landmark Indo-Pacific Economic Framework for Prosperity (IPEF) Agreement Relating to Supply Chain Resilience (Supply Chain Agreement) with the conclusion of the inaugural virtual meetings of the three supply chain bodies established under the Agreement – the Supply Chain Council, the Crisis Response Network...