Chip makers could flee the US in ‘months’ unless Congress acts, Commerce secretary says

Chip makers could flee the US in ‘months’ unless Congress acts, Commerce secretary says

After months of debate, Congress is still slow-walking a bill that would spend over $50 billion on semiconductor manufacturing.

Commerce Secretary Gina Raimondo has been frustrated by the slow pace for months and upped the stakes in a new interview by saying the economic damage could soon become permanent. She says companies that may want to be in the U.S. could shift manufacturing overseas in “months [because] they have to make decisions.”

During the conversation Wednesday with Yahoo…


Source link

About search

Check Also

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

[unable to retrieve full-text content]European Stocks Drop With US Tech Rally Faltering: Markets Wrap  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *