U.S. flag

An official website of the United States government

Dot gov

Official websites use .gov
A .gov website belongs to an official government organization in the United States.


Secure .gov websites use HTTPS
A lock () or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.


  1. Home
  2. News
  3. Press Releases

Was this page helpful?

Statement from Commerce Secretary Gina Raimondo on Samsung’s Potential $200 Billion Investment in US Chipmaking


Today, U.S. Commerce Secretary Gina Raimondo released the following statement following reports that Samsung could invest as much as $200 billion in U.S. chipmaking over the next decade.

“Once again, chipmakers are making it clear that significant investments in American jobs are contingent on Congress’ ability to pass the CHIPS Act now. The Senate’s bipartisan vote to advance chips funding was an important step in the right direction and we are continuing to make progress toward final passage next week. Samsung’s investment would be transformational for America’s domestic chip manufacturing industry, create thousands of good paying jobs and secure our ability to lead the world in 21st Century innovation. I look forward to working with Congress to get this across the finish line next week.”