“Our manufacturing future, our economic future, our solutions to the climate crisis are all going to be made in America, creating good jobs.” - President Joe Biden The U.S. manufacturing sector contributes $2.65 trillion to the U.S. economy , employs nearly 13 million American workers , and accounts for 10.3 percent of the nation’s GDP. Manufacturing Month is a time to recognize U.S. manufacturers...

Building on HSC’s Decades-Long Presence in Michigan, Proposed CHIPS Investment Would Help Strengthen Supply Chain Resilience and Create Over 1,000 Manufacturing and Construction Jobs Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Hemlock Semiconductor (HSC) have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $325 million in...

Thank you to the ChIPs Network for this honor. I’m so proud to share this recognition with Under Secretary Vidal, who has been relentless in her work to encourage and protect more innovation, creativity, and entrepreneurism from everyone, especially women. Women entrepreneurs, innovators, and small business owners power America’s economy and are a crucial driver of employment and prosperity across...

Proposed CHIPS Investment of up to $750 Million Would Support Construction of World’s Largest Silicon Carbide 200mm Ecosystem and Create Over 5,000 Jobs in North Carolina and New York Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Wolfspeed, Inc. have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $750 million in proposed...

Proposed CHIPS Investment Could Provide Pumps to Nearly All Fabs Built in the United States Through the End of the Decade Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Edwards Vacuum have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $18 million in proposed direct funding under the CHIPS and Science Act. President Biden...

GDP and U.S. Manufacturing Remain Strong, Wages Grow Faster than Prices Earlier today, the U.S. Labor Department’s Bureau of Labor Statistics (BLS) reported that the U.S. economy added over 250,000 new jobs in September – exceeding expectations. To date, 16 million jobs have been created under the Biden-Harris Administration. In addition, the U.S. economy remains strong with an increase in real...

Expected Investment Builds on CHIPS for America’s Sustainability Commitments to Workers, Stakeholders, and Industry Today, the U.S. Department of Commerce issued a Notice of Intent (NOI) to announce an open competition demonstrating how AI can assist in developing new sustainable semiconductor materials and processes that meet industry needs and can be designed and adopted within five years. For...

On September 26, 2024, U.S. Secretary of Commerce Raimondo, New York Governor Kathy Hochul, and American Federation of Teachers’ (AFT) President Randi Weingarten joined Micron and AFT’s affiliates the New York State United Teachers and the United Federation of Teachers, in Syracuse. Secretary Raimondo highlighted the implementation of AFT’s Advanced Technology Framework, which will help students...

Today, U.S. Secretary of Commerce Gina Raimondo met with members of the Advisory Committee on Supply Chain Competitiveness (ACSCC). During the meeting, the Secretary provided a readout of the recent Supply Chain Summit , which was co-hosted this week by the Department of Commerce and the Council on Foreign Relations. She emphasized the importance of strengthening supply chain resilience and...

Today, Deputy Secretary of Commerce Don Graves met with the Republic of Korea Minister of Trade Cheong In-kyo. During the meeting, Deputy Secretary Graves expressed the Commerce Department’s commitment to working with Minister Cheong and the Ministry of Trade, Industry and Energy to increase our trade and investment ties. The two also discussed ongoing collaboration through the U.S.-Korea Supply...