Raimondo: US at ‘inflection point’ of semiconductor chip shortage

Published by
The Detroit News

WASHINGTON — Commerce Secretary Gina Raimondo says it’s time to get “serious” about reviving semiconductor chip production in the United States as the global auto industry pivots to electric vehicles. Raimondo will urge Congress to pass $52 billion in funding to boost domestic production of the crucial component and tout the administration’s efforts to ease the supply chain strain, according to remarks prepared for an appearance at the Detroit Economic Club Monday. The ongoing chip crunch has left dealerships bare, forced car prices up and cost automakers an estimated $210 billion globally in …

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