As a result of the historic deal related to U.S. and Taiwan Trade and Investment announced in January 2026, TSMC has just announced an incremental $100 billion investment for a total of $265 billion in the U.S. This investment will result in four additional advanced semiconductor manufacturing facilities, bringing the total to 12 leading-edge semiconductor and packaging facilities. Today, the...

The U.S. Department of Commerce has named Andrew Silberstein as the next Executive Director of the U.S. Investment Accelerator. Mr. Silberstein brings nearly three decades of experience across real estate, private equity, and investment banking to the role. Mr. Silberstein most recently served as Head of Private Markets for the real estate investment arm of Neuberger. Over the course of his career...

Washington, D.C. – The Department of Commerce announced the transmittal of a letter from Secretary of Commerce Howard Lutnick to Kevin Hassett, director of the White House National Economic Council, directing the National Oceanic and Atmospheric Administration (NOAA) to conduct a full, formal review of California’s coastal management program under the Coastal Zone Management Act (CZMA). This...

This week, the U.S. Department of Commerce hosted the 2026 Select USA Investment Summit, the largest in its history. Held May 3-6 in National Habor, Maryland, the Investment Summit welcomed over 5,500 attendees from a record 100+ international markets and included over 1,100 economic developers representing all 55 U.S. states and territories. This year’s Investment Summit catalyzed more than $56...

Today, the Department of Commerce announced that U.S. Secretary of Commerce Howard Lutnick will provide opening keynote remarks at the 2026 SelectUSA Investment Summit, scheduled for May 3-6 at the Gaylord National Resort and Convention Center in National Harbor, Maryland. The Department of Commerce also announced global business leaders who will participate as main stage speakers, including on...

Chairman Moran, Ranking Member Van Hollen, and Members of the Subcommittee – it is an honor to join you today.    Over the past 15 months, President Trump has proven that the American economy is the strongest and most resilient in the world. When businesses look for a place to expand manufacturing, drive innovation, and hire more workers, they are decisively choosing the United States. For example...

Today, U.S. Secretary of Agriculture Brooke L. Rollins, alongside U.S. Secretary of Commerce Howard Lutnick, U.S. Secretary of the Interior Doug Burgum, White House National Economic Council Director Kevin Hassett, Alaska Senator Dan Sullivan, and Maine Senator Susan Collins announced the creation of the new U.S. Department of Agriculture (USDA) Office of Seafood. This first-of-its-kind office...

In March 2026, the Department of Energy, alongside the Department of Commerce, announced a unique public-private partnership to ensure affordable energy for American consumers and secure U.S. leadership in the global AI race. Read the Fact Sheet REVITALIZING FEDERAL LAND IN SOUTHERN OHIO TO ADVANCE ENERGY AND TECHNOLOGY INFRASTRUCTURE AND LOWER ENERGY PRICES