Commerce Secretary Raimondo: U.S. set to become a major hub of leading-edge logic chip manufacturing

The Biden administration aims to bolster semiconductor chip manufacturing in the U.S. by 2030. Commerce Secretary Gina Raimondo announced that their investments in leading-edge logic chips will enable the country to produce approximately 20% of these chips globally by the end of the decade. Currently, the U.S. does not manufacture any of these chips. This initiative is driven by the need to compete in the global market, enhance national security, and create more jobs. Leading-edge logic chips are vital for advanced technologies like artificial intelligence. Raimondo emphasized the significance of this goal and highlighted the potential for hundreds of thousands of well-paying jobs.