{"id":600990,"date":"2021-07-23T10:36:33","date_gmt":"2021-07-23T14:36:33","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=600990"},"modified":"2021-07-23T10:36:34","modified_gmt":"2021-07-23T14:36:34","slug":"commerce-secy-biden-admin-preparing-to-invest-52b-in-building-u-s-based-semiconductor-manufacturing","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/commerce-secy-biden-admin-preparing-to-invest-52b-in-building-u-s-based-semiconductor-manufacturing\/","title":{"rendered":"Commerce Secy: Biden admin. preparing to invest $52B in building U.S.-based semiconductor manufacturing"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcommerce-secy-biden-admin-preparing-to-invest-52b-in-building-u-s-based-semiconductor-manufacturing%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=600990&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2466310\" class=\"wp-caption aligncenter\">\n<p id=\"caption-attachment-2466310\" class=\"wp-caption-text\">FILE \u2013 Commerce Secretary Gina Raimondo speaks during a press briefing at the White House in Washington. (AP Photo\/Evan Vucci, File)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 7:31 AM PT \u2013 Friday, July 23, 2021<\/h5>\n<p>The Biden administration is already taking steps to spend up to $52 billion in improving semiconductor manufacturing in the U.S. According to Commerce Department Secretary Gina Raimondo on Thursday, the administration is putting the pieces in place to invest the $52 billion to start production.<\/p>\n<p>Administration officials said they are seeing a little relief from the chip shortage, including commitments from manufacturers to make more automotive-grade chips. Car-maker Ford Motor Company has already announced it\u2019s closing or curbing production at eight factories due to the shortage.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Used car prices are high, new vehicle inventory is low, and nearly 13K Michigan automotive workers filed for unemployment last week due to the chip shortage. Today I sent a letter to <a href=\"https:\/\/twitter.com\/SpeakerPelosi?ref_src=twsrc%5Etfw\">@SpeakerPelosi<\/a> advocating for domestic semiconductor research, design, and manufacturing funding <a href=\"https:\/\/t.co\/DKQ3ErQ27h\">pic.twitter.com\/DKQ3ErQ27h<\/a><\/p>\n<p>\u2014 Rep. Haley Stevens (@RepHaleyStevens) <a href=\"https:\/\/twitter.com\/RepHaleyStevens\/status\/1418309889638686723?ref_src=twsrc%5Etfw\">July 22, 2021<\/a><\/p>\n<\/blockquote>\n<p>This year, the Senate passed legislation dedicating the amount to incentivize semiconductor manufacturing.<\/p>\n<p>\u201cWe are working as hard as we can to get the House to pass the<a href=\"https:\/\/www.congress.gov\/bill\/116th-congress\/house-bill\/7178\"> CHIPS Act<\/a> and we\u2019re putting plans in place right now, already on the team, to invest the $52 billion,\u201d Raimondo stated. \u201cWe need to incentivize the manufacturing of chips in America, so we are very focused on putting the pieces in place so that can happen.\u201d<\/p>\n<p>The Commerce secretary went on to say the Biden administration intends to use all tools at their disposal to protect American businesses.<\/p>\n<p>\n<iframe loading=\"lazy\" title=\"07\/22\/21: Press Briefing by Press Secretary Jen Psaki and Secretary of Commerce Gina Raimondo\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/-_y7ipCLZho?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/p>\n<h4>MORE NEWS:&nbsp;<a href=\"https:\/\/www.oann.com\/biden-admin-announces-sanctions-targeting-cuban-leaders\/\">Biden Admin. Announces Sanctions Targeting Cuban Leaders<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>FILE \u2013 Commerce Secretary Gina Raimondo speaks during a press briefing at the White House in Washington. (AP Photo\/Evan Vucci, File) OAN NewsroomUPDATED 7:31 AM PT \u2013 Friday, July 23, &#8230;<\/p>\n","protected":false},"author":7,"featured_media":2315279,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-600990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/600990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=600990"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/600990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=600990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=600990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=600990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}