U.S. Department of Commerce Outlines $1.6 Billion in Proposed Funding to Support Multiple Projects in Texas and Utah to Increase Production of Chips Vital for U.S. Economic and National Security Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Texas Instruments (TI) have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $1.6...

Today, the U.S. Department of Commerce announced it will hold, with the Council on Foreign Relations, a Supply Chain Summit in Washington, D.C. on September 10, 2024. The Supply Chain Summit will explore efforts taken by government and industry to shift from reacting to global supply chain disruptions to proactively strengthening supply chain resilience. The Summit will gather leaders from...

On Monday, U.S. Secretary of Commerce Gina Raimondo convened a roundtable discussion with investors to discuss non-market actions from the People’s Republic of China (PRC) that threaten to distort the market for mature node (or “legacy”) semiconductors. Secretary Raimondo emphasized her concern that over the past few years, the U.S. has seen signs of concerning practices from the PRC to...

Biden-Harris Administration’s Bipartisan CHIPS and Science Act Attracts All Five Major Leading-Edge Logic and Memory Companies to Produce Chips on U.S. Soil Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and SK hynix have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $450 million in proposed federal incentives under the CHIPS and...

Today, the U.S. Department of Commerce announced further progress in operationalizing the landmark Indo-Pacific Economic Framework for Prosperity (IPEF) Agreement Relating to Supply Chain Resilience (Supply Chain Agreement) with the conclusion of the inaugural virtual meetings of the three supply chain bodies established under the Agreement – the Supply Chain Council, the Crisis Response Network...

**For the first time, Commerce makes public new NIST draft guidance from the U.S. AI Safety Institute to help AI developers evaluate and mitigate risks stemming from generative AI and dual-use foundation models.** Read the White House Fact sheet on Administration-wide actions on AI. The U.S. Department of Commerce announced today, on the 270-day mark since President Biden’s Executive Order (EO) on...

This week, the U.S. Department of Commerce and Nigeria’s Ministry of Investment, Trade, and Industry and Ministry of Communications, Innovation and Digital Economy demonstrated their commitment to enhancing commercial ties and helping to facilitate increased bilateral trade and investment through a new Memorandum of Understanding (MOU), as well as a joint statement outlining new avenues of...

Proposed CHIPS Investment Would Enable End-to-End Chip Production to Occur in the United States While Creating 2,000 Jobs in Arizona Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Amkor Technology, Inc. have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $400 million in proposed direct funding under the CHIPS and Science Act...