Commerce Secretary Gina Raimondo says Donald Trump is a president-elect who for all of his aggressive talk is afraid to let America compete with the rest of the world, responding instead with tariffs and curtailing immigration.

which the United States sees as a strategic competitor in the field of advanced semiconductors. "The US leads the world in AI now -- both AI development and AI chip design -- and it's critical that we keep it that way," Commerce Secretary Gina Raimondo ...

Tuesday’s award means that 18 tech hubs have now received a total of $720 million in federal funding, though there are 31 tech hubs in all, which were first unveiled back in October 2023. The 31 hubs have received more than $6 billion in public and private investments, according to the Commerce Department.

Taiwan Semiconductor Manufacturing Co has begun producing advanced four-nanometer chips for U.S. customers in Arizona, Commerce Secretary Gina Raimondo told Reuters, a milestone in the Biden administration's semiconductor efforts.

The U.S. government has recently restricted the trade of advanced chips used for artificial intelligence (AI) applications. Why?

The Biden Administration has finalised rules that will effectively ban Russian and Chinese software and hardware in vehicles sold in the United States, in a move that could have a huge global impact.

The move comes 11 months after the Commerce Department launched an investigation into the national security risks from Chinese vehicle technology.

The so-called AI diffusion rule from Commerce’s Bureau of Industry and Security faced swift pushback from industry.

Commerce persuaded all five leading-edge semiconductor firms to locate production facilities in the United States as part of the program. Raimondo told Reuters earlier that Commerce had to ...

Though the rules are aimed at China, they could impact some European countries including Portugal and Switzerland. View on euronews

The fate of what could be Michigan's largest-ever economic development project is now in the hands of the Trump administration. Western Digital Corp.'s application for federal funding to support a mammoth microchip manufacturing campus near Flint remains pending with the CHIPS Program Office after President Donald Trump's inauguration.

Commerce Secretary Gina Raimondo says Donald Trump is a president ... and development of advanced computer chips in the United States, with the goal of having 20% of the world's most sophisticated ...