U.S. Department of Commerce Secretary Gina Raimondo and Japanese Minister of Economy, Trade, and Industry (METI) Saito Ken held the third Japan-U.S. Commercial and Industrial Partnership (JUCIP) Ministerial Meeting in Washington, DC, on April 10. The Secretary and Minister reviewed progress made to date in deepening bilateral economic and commercial cooperation, and discussed how they will...

With Up to $6.6 Billion in Proposed CHIPS Direct Funding, TSMC Announces 2 Nanometer Technology at Second Fab and a New Third Fab to Produce 2 Nanometer or More Advanced Chips Proposed CHIPS Investment in Arizona Would Support AI, High-Performance Computing, 5G/6G Communications, and More Applications Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and TSMC...

The following was issued by the White House Leuven, Belgium I. Introduction The sixth ministerial meeting of the Trade and Technology Council (“TTC”) took place in Leuven, Belgium, on 4 and 5 April 2024. It was co-chaired by European Commission Executive Vice President Margrethe Vestager, European Commission Executive Vice President Valdis Dombrovskis, United States Secretary of State Antony...

LEUVEN, Belgium – Today, U.S. Secretary of Commerce Gina Raimondo and European Commission (EC) Executive Vice-President Margrethe Vestager concluded the U.S.-EU Trade and Technology Council (TTC) Talent for Growth Task Force’s final meeting and brought to a close the work announced in December 2022. The Talent for Growth Task Force consisted of fourteen members appointed in April 2023 from...

U.S. and UK AI Safety Institutes to work seamlessly with each other, partnering on research, safety evaluations, and guidance for AI safety Institutes to develop shared capabilities through information-sharing, close cooperation, and expert personnel exchanges The U.S. and UK have today signed a Memorandum of Understanding (MOU) which will see them work together to develop tests for the most...

Thank you, Secretary Donelan, for traveling here for this historic day. It’s wonderful to be with you. Last November, at the AI Safety Summit in Bletchley Park hosted by Secretary Donelan and Prime Minister Sunak, I committed to establishing a formal partnership between the U.S. AI Safety Institute and the UK’s Safety Institute. Today’s signing of this Memorandum of Understanding between us is the...

Hello everyone! I’m very pleased to be back here today speaking with you all. I’d like to give a big thank you to the BIS team for putting together this remarkable conference. The last time I spoke at this conference was in 2022. Looking back, I don’t think anyone expected that in two years’ time, Russia’s illegal war of aggression against Ukraine would still be ongoing. But I believe that is a...

Thank you, Troy, for that introduction. Hello everyone! I am thrilled to be here with our partners at U.S. Customs and Border Protection to kick off the Trade Facilitation and Cargo Security Summit. This summit could not come at a better time, as all of us here – business and government – remain focused on ensuring the continued reliability, safety, and security of cross-border trade in goods and...

Last week, U.S. Secretary of Commerce Gina Raimondo traveled to Costa Rica to emphasize the strength of the U.S.-Costa Rican bilateral commercial and investment relationship and to underscore the importance of diverse and resilient semiconductor supply chains. During her visit, Secretary Raimondo highlighted the Biden-Harris Administration's efforts to diversify the semiconductor supply chain with...

Yesterday, Deputy Secretary of Commerce Don Graves, Assistant Secretary of Global Markets and Director General of the Foreign Commercial Service Arun Venkataraman, and SelectUSA Executive Director Jasjit Singh met with the U.S. Investment Advisory Council (IAC) for their final meeting of the term. They provided an update on the progress made on the recommendations submitted by the Council...