Congress is ‘moving too slowly’ on semiconductor supply crunch, Commerce Secretary says

Congress is ‘moving too slowly’ on semiconductor supply crunch, Commerce Secretary says

When Commerce Secretary Gina Raimondo appeared on Yahoo Finance in January, she said movement was afoot on one of her signature issues: a bill to spend over $50 billion on semiconductor manufacturing. “There is urgency,” she said at the time, adding that “the fundamentals of this bill have broad bipartisan support.”

But over 3 months later — and without much progress on the issue from Capitol Hill — her patience was running thin in a follow-up appearance.

“I think they’re moving…


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