Today, the Department of Commerce announced that Micron Technology, Inc., the leading American semiconductor memory company, plans to invest $200 billion in semiconductor manufacturing and R&D to dramatically expand American memory chip production. This announcement is part of the Trump Administration’s push to restore America’s manufacturing strength, advance America’s role as a technology leader...

Under the direction of President Trump, Secretary of Commerce Howard Lutnick announced his plans to reform the agency formerly known as the U.S. AI Safety Institute into the Center for AI Standards and Innovation (CAISI). AI holds great potential for transformational advances that will enhance U.S. economic and national security. This change will ensure Commerce uses its vast scientific and...

Last week, the U.S. Department of Commerce held the 11th SelectUSA Investment Summit which was the largest Investment Summit in its history with over 5,500 attendees spanning over a record 100+ international markets and over 1,100 economic developers representing 54 U.S. states and territories and catalyzing nearly $1 billion in new investment announcements. “We are seeing a resurgence in foreign...

The Tech Hubs program was established with broad bipartisan support by the 2022 CHIPS and Science Act and has awarded more than $541 million in appropriated funding through grants. To date, the program has designated 31 Tech Hubs in a Phase 1 competition and awarded 12 of those designated Hubs a total of $504 million via Implementation grants in a Phase 2 competition. Being designated as a Tech...

In 2022, Congress created the Tech Hubs Program to strengthen U.S. economic and national security by commercializing the technologies of the future. The investments made through this program can ensure that critical industries, companies, and jobs start, grow, and remain in the United States. While these opportunities are exciting, all federal investment must be strategic, smart, and result in the...

The governments of the United Arab Emirates and the United States have agreed to establish the "US-UAE AI Acceleration Partnership" framework to further bolster cooperation around critical technologies and ensure the protection of such technologies based on a set of joint commitments. The US will facilitate deeper technology cooperation with the UAE, including the launch of a 1GW AI data center...

Breaking ground on 1GW AI Datacenter, part of a planned 5GW UAE-US artificial intelligence campus; largest such deployment outside of the US Builds on a new Government-to-Government technology framework, “US-UAE AI Acceleration Partnership” UAE’s national AI champion G42 to lead a consortium with US partners to build and invest in AI infrastructure in the UAE and globally, including in the US Abu...

Today, U.S. Secretary of Commerce Howard Lutnick announced the latest speakers to join the growing list of high-level attendees, including CEOs and company executives, U.S. Cabinet Members, senior administration officials, and U.S. governors participating at the 2025 SelectUSA Investment Summit, scheduled for May 11-14 at the Gaylord National Resort and Convention Center in National Harbor...