By Diane Bartz
WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo on Thursday said the government will encourage companies to build at least two advanced domestic computer chip factories employing thousands of union workers, as part of a $52.7 billion dollar initiative.
The centers would also include a “robust supplier ecosystem,” Raimondo said in a speech in Washington.
“America needs to design and produce the world’s most advanced chips right here in America,” Raimondo said, adding that the United States leads in design but not manufacturing.
Congress in August approved $52.7 billion for semiconductor manufacturing and research and cleared a 25% investment tax credit for chip plants, estimated to be worth $24 billion, and $39 billion in government semiconductor chips subsidies to build new or expand U.S. facilities. The effort was sparked by concerns about China.
Raimondo said the department…