In a Thursday interview with CNBC’s Jim Cramer, U.S. Secretary of Commerce Gina Raimondo stressed the importance of domestic chip production.
In a Thursday interview with CNBC's Jim Cramer, U.S. Secretary of Commerce Gina Raimondo stressed the importance of domestic chip production and said the country is on track to meet its end-of-decade goal.
"My boss, President Biden, has been crystal clear on this topic, and I think there's no place to be reckless here or play politics with this," Raimondo said."It's time to get serious and have serious solutions to these issues, which is exactly why we passed the CHIPS act, and exactly what we're doing in implementing it.", U.S.
"My boss, President Biden, has been crystal clear on this topic, and I think there's no place to be reckless here or play politics with this," Raimondo said."It's time to get serious and have serious solutions to these issues, which is exactly why we passed the CHIPS act, and exactly what we're doing in implementing it."Raimondo said more than 90% of the U.S.
According to Raimondo, the U.S. is"right on the path" to meet its goal of having 20% of chips made in the U.S. by 2030, even though she characterized the feat as"audacious." She also pushed back against the notion that foreign countries like Taiwan took manufacturing jobs away from the U.S, saying these decisions had been made by American corporations.
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