Commerce Secretary Gina Raimondo testifies during a hearing on Capitol Hill ... to resurrect the manufacturing and development of advanced computer chips in the United States, with the goal of having 20% of the world’s most sophisticated semiconductors ...

Tuesday’s award means that 18 tech hubs have now received a total of $720 million in federal funding, though there are 31 tech hubs in all, which were first unveiled back in October 2023. The 31 hubs have received more than $6 billion in public and private investments, according to the Commerce Department.

"Marketplace" host Kai Ryssdal does an "exit interview" with Commerce Secretary Gina Raimondo. They talk AI, tariffs and more.

which the United States sees as a strategic competitor in the field of advanced semiconductors. "The US leads the world in AI now -- both AI development and AI chip design -- and it's critical that we keep it that way," Commerce Secretary Gina Raimondo ...

The Biden Administration has finalised rules that will effectively ban Russian and Chinese software and hardware in vehicles sold in the United States, in a move that could have a huge global impact.

The move comes 11 months after the Commerce Department launched an investigation into the national security risks from Chinese vehicle technology.

The so-called AI diffusion rule from Commerce’s Bureau of Industry and Security faced swift pushback from industry.

TSMC manufactures more than 90% of the world’s most advanced logic chips, making it the world leader in semiconductor manufacturing. Back in 2020, it announced the creation of TSMC Arizona and an initial $12 billion commitment to building its first U.S.-located advanced fabrication plant in Phoenix.

The move comes amid ongoing national security concerns but industry executives worry about the impact on U.S. firms.

Though the rules are aimed at China, they could impact some European countries including Portugal and Switzerland. View on euronews

Commerce Secretary Gina Raimondo says Donald Trump is a president ... and development of advanced computer chips in the United States, with the goal of having 20% of the world's most sophisticated ...

At the Reagan National Defense Forum last month, United States Commerce Secretary Gina Raimondo gave seemingly conflicting statements on the purpose of AI regulation, her stance on the U.S ...