The Commerce Department’s Bureau of Industry and Security (BIS) has issued a final rule adding twenty-seven foreign entities and individuals to the Entity List for engaging in activities that are contrary to the national security or foreign policy interests of the United States. The twenty-seven entities and individuals are located in the People’s Republic of China (PRC), Japan, Pakistan and...

Today, following the announcement from Samsung on its plan to invest $17 billion in a new semiconductor facility in Taylor, Texas, U.S. Secretary of Commerce Gina M. Raimondo released the following statement: “We are thrilled about Samsung’s investment in Texas. Domestic semiconductor production is critical to preserving and growing U.S. leadership and innovation in one of our most critical...

The Build Back Better Act will fund key Commerce initiatives and allow more Americans to fully participate in the economy thanks to critical investments in our care economy. Today, U.S. Secretary of Commerce Gina M. Raimondo issued the following statement following House passage of President Biden’s Build Back Better Act: “This week, President Biden made history by signing into law the largest...

Yesterday, U.S. Secretary of Commerce Gina M. Raimondo concluded her visit to Asia with an official visit to Malaysia. She met with Malaysian government leaders to discuss opportunities to strengthen our economic relationship through collaboration and partnership. In her discussions, she highlighted the importance of reliable supply chains and semiconductor manufacturing, and the digital economy...

Yesterday, following a roundtable focused on the semiconductor supply chain with government and business leaders, U.S. Secretary of Commerce Gina Raimondo and Malaysian Senior Minister of International Trade and Industry Mohamed Azmin Ali released the following joint statement: "We support the strong commercial relationship between the United States and Malaysia through enduring trade, investment...

Today, U.S. Secretary of Commerce Gina M. Raimondo met with Malaysia’s Minister of Communications and Multimedia Tan Sri Datuk Seri Panglima Haji Annuar bin Musa. The Secretary highlighted the Biden Administration’s broader objective of working with like-minded partners across the Indo-Pacific on an economic framework strengthen economies on both sides of the Pacific. The Secretary and Minister...

Today, U.S. Secretary of Commerce Gina M. Raimondo met with Malaysia’s Senior Minister of International Trade and Industry, Y.B. Dato’ Seri Mohamed Azmin Ali to discuss ways to deepen U.S.-Malaysia economic ties, including through President Biden’s vision for a new Indo-Pacific economic framework. They also committed to expand cooperation to ensure secure and reliable regional supply chains for...

Today, U.S. Secretary of Commerce Gina M. Raimondo met with Malaysian Prime Minister Dato’ Sri Ismail Sabri bin Yaakob to discuss ways to further improve bilateral relations and deepen U.S.-Malaysia economic ties, including through President Biden’s vision for a new Indo-Pacific economic framework. Secretary Raimondo invited the Prime Minister and the government of Malaysia to collaborate further...