Today, the U.S. Department of Commerce is celebrating the first anniversary of the historic CHIPS and Science Act. Signed into law by President Joe Biden, the law invests $50 billion to boost U.S. manufacturing, bring supply chains back to our shores, and protect national security. The CHIPS and Science Act will enhance the competitiveness of the American semiconductor industry to reduce reliance...

Receives 460 Statements of Interest from Companies Across 42 States to Manufacture Semiconductors in America One year ago today, President Biden signed the bipartisan CHIPS and Science Act as part of his Investing in America agenda . The Department of Commerce oversees $50 billion to revitalize the domestic semiconductor industry and bring supply chains back to the U.S., including $39 billion for...

Today, the Department of Commerce’s National Telecommunications and Information Administration (NTIA) awarded nearly $5.5 million in the first round of grants from the Public Wireless Supply Chain Innovation Fund . The $1.5 billion Wireless Innovation Fund supports the development of open and interoperable wireless networks as part of the Biden-Harris Administration’s Investing in America agenda...

Today, Secretary Gina Raimondo met with Mongolian Prime Minister Luvsannamsrain Oyun-Erdene to advance the trade and investment relationship between the United States and Mongolia. The leaders celebrated over three decades of close ties between the countries and outlined opportunities for future cooperation, particularly in the critical minerals and agricultural sectors. They also discussed the...

The Capital Readiness Program represents the Commerce Department’s largest investment in support of underserved entrepreneurs. Today, Vice President Harris announced the recommended awardees for the MBDA Capital Readiness Program. The Capital Readiness Program is a $125 million technical assistance program to help underserved entrepreneurs grow and scale their businesses. Once final awards are...

Today, Vice President Kamala Harris and U.S. Secretary of Commerce Gina Raimondo traveled to Kenosha, WI, to celebrate the announcement of new electronics equipment production in the U.S. made possible by the Biden-Harris Administration’s “Investing in America” agenda. The Bipartisan Infrastructure Law requires the use of Made-in-America materials and products for federally funded infrastructure...

Thank you, Michael, for that introduction. Hello everyone! I couldn’t be more pleased to be here with you, General President Coleman, and all the dynamic and diverse SMART members gathered here today. The work of sheet metal, rail, and transportation workers is integral to our nation’s infrastructure. For more than a century, you have connected America to itself, from small rural towns to bustling...

By Uma Menon, Office of Public Affairs, International Trade Administration Since President Biden launched the Indo-Pacific Economic Framework for Prosperity (IPEF) in May 2022, it has sparked discussions on innovative ways to enhance longer-term economic cooperation in the Indo-Pacific, the world’s most populous and fastest-growing region. The framework harnesses the economic power of the United...