Electronics

On July 23 news, US Secretary of Commerce Gina Raimondo stated that the Biden administration is preparing for the investment of approximately US$52 billion in semiconductor research and manufacturing, although the funds are awaiting approval by Congress.

Raimondo said at a White House press conference on Thursday: "We have already formulated a plan to invest $52 billion in the team. We need to incentivize chip manufacturing in the United States, so we are very focused on putting the chip in the right place to achieve it. This.” Raimondo added that he is in daily contact with the industry and has done “a lot” of work to solve the shortage problem.

Raimondo said in an interview with the media that she had heard signs of improvement in supply from automakers; automakers said that in the context of global semiconductor shortages, supply shortages are "getting a little better." Despite the increase in chip configuration in the automotive industry, many people still believe that the manufacturing industry will continue to postpone.

Chip industry representatives expect that the implementation of funds (including the recruitment of more employees in the consumer trade sector) will take up to six months.