Statement from Commerce Secretary Gina Raimondo on Samsung’s Potential $200 Billion Investment in US Chipmaking
Jul 21, 2022
Statement from Commerce Secretary Gina Raimondo on Samsung’s Potential $200 Billion Investment in US Chipmaking
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Thu, 07/21/2022 – 15:58
ICT Supply Chain
Infrastructure
FOR IMMEDIATE RELEASE
Thursday, July 21, 2022
Office of Public Affairs
Gina M. Raimondo
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.”
Leadership
Gina M. Raimondo
Read the full report from the U.S. Department of Commerce: Read More
