HomeEconomyU.S. pick team oversees $52.7 billion in semiconductor funding Economy U.S. pick team oversees $52.7 billion in semiconductor funding By farahat September 20, 2022 0 95 views Share FacebookTwitterPinterestWhatsApp LH -0.% Add to Watchlist/Remove from Watchlist to watch list Add Location Job added successfully: Please name your portfolio type: purchase Sell date: quantity: price Point Value: Leverage: 1:1 1: 1: 1: 1: 10 David Sheppardson WASHINGTON (Reuters) – The Biden administration on Tuesday appointed a team of senior advisers to oversee the U.S. dollar 20 $7 billion in government funding to promote semiconductor manufacturing and research. Commerce Chief Economist Aaron “Ronnie” Chatterjee will serve as White House Coordinator for the National Economic Council (NEC) CHIPS Implementation Lead and Will manage the work of the CHIPS Implementation Steering Committee created by the chip executive order signed by President Biden last month. In August, Congress approved $11 700 million for semiconductor manufacturing and research, and % of the chip factory’s estimated value of $ investment tax credit) billion. NEC director Brian Deese said Chatterji “will help align a unified approach to our key implementation priorities, while ensuring we have guardrails and oversight in place to reasonably spend and pay taxes. People’s money.” Biden-backed legislation aims to step up efforts to make the U.S. more competitive against China and ease persistent of chip shortages. Everything from cars to washing machines to video games and weapons. At the Commerce Department, Treasury official Michael Schmidt will serve as director of the chip program office. Schmidt previously served as Commissioner of the New York State Department of Taxation and Finance. Eric Lin, Government Materials Measurement Laboratory (NYSE: LH ), will serve as interim director of the CHIPS R&D Office. Chip methods include $ billion for research spending. Commerce Minister Gina Raimondo said the chip team will consist of approximately 11 people. “These leaders have decades of experience in government, industry, and R&D, with a particular emphasis on standing up and implementing large-scale projects,” Raimondo said. There was also a Commerce Department economic official named Todd Fisher on Tuesday , who will serve as an interim senior advisor to the CHIPS Program Office Program Office. Former Palm Computing CEO Donna Dubinsky is Raimondo’s Senior Advisor on CHIPS Implementation, and Commercial Officer JD Grom will serve as Senior Advisor on CHIPS Implementation. Commerce hopes to begin seeking applications in February $ billions of dollars in semiconductor chip subsidies , to build new facilities and expand existing U.S. production. Share FacebookTwitterPinterestWhatsApp Previous articleJapan's Prime Minister Kishida is under pressure to increase spending as approvals slipNext articleUS trade deal not a priority for UK – PM spokesman farahat RELATED ARTICLES Economy Macron struggles to change French spending habits June 1, 2023 Economy Analysis – US debt ceiling deal dooms Biden's revolutionary tax plan June 1, 2023 Economy U.S. Senate aims to quickly pass debt ceiling bill to avoid default June 1, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS Can the Heat beat the Nuggets in Game 1 of the NBA Finals? | Carton Exhibition June 1, 2023 A Night of Fashion and Southern Charm: Nordstrom and Michael Kors Celebrate in Nashville June 1, 2023 The 8 Best Shirtdress Sets That Prove a Staple Is a Summer Must-Have June 1, 2023 Three friends, three young deaths – an up-close look at the troubled teen industry June 1, 2023 Load more Featured NEWS U.S. Treasury yields rise amid debt ceiling standoff: Reuters poll May 12, 2023 Here's How to Style 5 Luxurious Loungewear This Winter December 23, 2022 Galaxy Digital reports that BAYC and Moonbird's IP claims against holders are wrong August 20, 2022 Willie Norris Presents Outlier Fall 2023 Ready-to-Wear Collection March 7, 2023 Load more
