Proposed CHIPS Investment Could Provide Pumps to Nearly All Fabs Built in the United States Through the End of the Decade Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Edwards Vacuum have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $18 million in proposed direct funding under the CHIPS and Science Act. President Biden...

GDP and U.S. Manufacturing Remain Strong, Wages Grow Faster than Prices Earlier today, the U.S. Labor Department’s Bureau of Labor Statistics (BLS) reported that the U.S. economy added over 250,000 new jobs in September – exceeding expectations. To date, 16 million jobs have been created under the Biden-Harris Administration. In addition, the U.S. economy remains strong with an increase in real...

Expected Investment Builds on CHIPS for America’s Sustainability Commitments to Workers, Stakeholders, and Industry Today, the U.S. Department of Commerce issued a Notice of Intent (NOI) to announce an open competition demonstrating how AI can assist in developing new sustainable semiconductor materials and processes that meet industry needs and can be designed and adopted within five years. For...

On September 26, 2024, U.S. Secretary of Commerce Raimondo, New York Governor Kathy Hochul, and American Federation of Teachers’ (AFT) President Randi Weingarten joined Micron and AFT’s affiliates the New York State United Teachers and the United Federation of Teachers, in Syracuse. Secretary Raimondo highlighted the implementation of AFT’s Advanced Technology Framework, which will help students...

Today, U.S. Secretary of Commerce Gina Raimondo met with members of the Advisory Committee on Supply Chain Competitiveness (ACSCC). During the meeting, the Secretary provided a readout of the recent Supply Chain Summit , which was co-hosted this week by the Department of Commerce and the Council on Foreign Relations. She emphasized the importance of strengthening supply chain resilience and...

Today, Deputy Secretary of Commerce Don Graves met with the Republic of Korea Minister of Trade Cheong In-kyo. During the meeting, Deputy Secretary Graves expressed the Commerce Department’s commitment to working with Minister Cheong and the Ministry of Trade, Industry and Energy to increase our trade and investment ties. The two also discussed ongoing collaboration through the U.S.-Korea Supply...

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...

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...

Two years ago today, President Biden signed the historic and bipartisan CHIPS and Science Act into law investing nearly $53 billion in funding to bring semiconductor supply chains back to the U.S, create jobs, support American innovation, and protect our national security. To date, the Commerce Department has announced over $30 billion in proposed CHIPS private sector investments spanning 23...

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...