The Latest Breaking News from Gina Raimondo

As Chinese relations with Taiwan remain strained, the US continues to reinforce the importance of chip manufacturing on home soil.

Taiwanese chip giant TSMC said on Friday that April revenue jumped nearly 60 percent on-year, riding a huge wave of demand for the advanced semiconductors used in AI hardware.

If China captures Taiwan and TSMC, this will be a major blow for U.S.-based companies and economy, which is why U.S. invests in its own semiconductor production, says Gina Raimondo.

We also discuss Tesla's hiring freeze, the potential ban of Chinese connected cars in the U.S. and Ford rethinking its plan to go all-electric in Europe by 2030.

Learn about the Commerce Department's new restrictions on U.S. firearms exports to prevent misuse and enhance national security.

Samsung Electronics this week was awarded up to $6.4 billion from the U.S. government under the CHIPS and Science Act to build its new fab complex in Taylor, Texas. This is the third major award under the act in the last month, with all three leading-edge fabs – Intel, TSMC,…

One of the facilities Samsung is building will be the size of 11 football fields, Commerce Secretary Gina Raimondo said. The new investment will create thousands of jobs, the White House said.

The U.S. Commerce Department halts CHIPS funding for R&D facilities.

Biden's announcement of up to $6.6 billion to TSMC's Arizona subsidiary signals a significant step toward bolstering domestic semiconductor production.

World’s most valuable chipmaker Taiwan Semiconductor to set up third facility in Arizona using funding from Biden policy

Biden administration commits .6 billion to TSMC for chip production in Arizona, boosting U.S. semiconductor manufacturing and creating jobs.