Commerce Secretary Gina Raimondo testifies during a hearing on Capitol Hill ... to resurrect the manufacturing and development of advanced computer chips in the United States, with the goal of having 20% of the world’s most sophisticated semiconductors ...

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.

The new rules will take effect in 120 days, said Commerce Secretary Gina Raimondo, giving the incoming administration of President-elect Donald Trump time to potentially make changes. The United States unveiled new export rules Monday on chips used for ...

On a call with reporters previewing the framework, Commerce Secretary Gina Raimondo said that it's "critical ... most cutting-edge aspects of AI would be developed within the United States and with its closest allies, instead of possibly getting offshored ...

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

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

TSMC manufactures more than 90% of the world’s most advanced logic chips, making it the world leader in semiconductor manufacturing. Back in 2020, it announced the creation of TSMC Arizona and an initial $12 billion commitment to building its first U.S.-located advanced fabrication plant in Phoenix.

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

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 ...

At the Reagan National Defense Forum last month, United States Commerce Secretary Gina Raimondo gave seemingly conflicting statements on the purpose of AI regulation, her stance on the U.S ...

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