Biden Administration takes steps to establish and expand domestic production of semiconductors in US ...Middle East

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Biden Administration takes steps to establish and expand domestic production of semiconductors in US
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The Biden Administration has announced having taken steps to establish and expand their domestic production of semiconductors, given that the US consumes more than 25 per cent of the world’s leading-edge chips and produces zero of those chips which is considered as a national security risk. US Commerce Secretary Gina Raimondo on Tuesday told reporters at the White House that the Department of Commerce plans to implement the USD 50 billion in CHIPS in this regard.

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