Proposed CHIPS Investment of up to $750 Million Would Support Construction of World’s Largest Silicon Carbide 200mm Ecosystem and Create Over 5,000 Jobs in North Carolina and New York Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Wolfspeed, Inc. have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $750 million in proposed...

Today, U.S. Secretary of Commerce Gina Raimondo met with Italian Minister of Enterprise and Made in Italy Adolfo Urso. Secretary Raimondo congratulated Minister Urso and his team on their successful leadership the G7 Ministerial Meeting on Industry and Technological Innovation, which was held yesterday. She also expressed her support for the G7 Point of Contact group on semiconductors established...

Today, U.S. Secretary of Commerce Gina Raimondo met with Italian Minister of Economy and Finance Giancarlo Giorgetti. During their meeting, the two discussed ongoing efforts to promote increased trade and investment between the United States and Italy. Secretary Raimondo highlighted opportunities for U.S. firms to contribute to growth in Italy and thanked Italy for its leadership hosting the G7...

This week, U.S. Secretary of Commerce Gina Raimondo convened the U.S. Travel and Tourism Advisory Board (TTAB) for the final meeting of its current two-year term to reaffirm the Biden-Harris Administration’s commitment to strengthening our nation’s global competitiveness in the U.S. travel and tourism industry. The industry is vital to the American economy, supporting 10 million jobs and creating...

Today, U.S. Secretary of Commerce Gina Raimondo met with Italian Prime Minister Giorgia Meloni. Secretary Raimondo is in Italy for the G7 Ministerial Meeting on Industry and Technological Innovation in Rome. During the meeting, Secretary Raimondo expressed appreciation for Italy’s strong leadership during their G7 host year. The two discussed ongoing efforts through the G7 to promote a more...

ROME, Italy – Today, U.S. Secretary of Commerce Gina Raimondo met with United Kingdom Secretary of State for Science, Innovation and Technology Peter Kyle on the margins of the G7 Ministerial Meeting on Industry and Technological Innovation. The two discussed the Department of Commerce’s and UK Department for Science, Innovation and Technology’s ongoing collaboration on AI safety, continued...

The following joint statement was released by the Government of the United States of America and the Government of the United Kingdom on the sidelines of the G7 Ministerial on Industry, Technology, and Digital, as part of the U.S.-UK Comprehensive Dialogue on Technology & Data. Begin text: The United Kingdom and United States share fundamental values and a commitment to democracy and human rights...

Proposed CHIPS Investment Could Provide Pumps to Nearly All Fabs Built in the United States Through the End of the Decade Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Edwards Vacuum have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $18 million in proposed direct funding under the CHIPS and Science Act. President Biden...