US Needs More Chips Funding as AI Fuels Demand, Raimondo Says

Commerce Secretary Gina Raimondo said that the US will need continued investments in semiconductor manufacturing to regain global leadership and meet demand from artificial intelligence technologies.

“I suspect there will have to be — whether you call it Chips Two or something else — continued investment if we want to lead the world,” Raimondo said. “We fell pretty far. We took our eye off the ball.”

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