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Gina Raimondo

All articles tagged with #gina raimondo

politics1 year ago•7 min saved

Raimondo Aims to Deplete Trump's Campaign Funds

Commerce Secretary Gina Raimondo is working to allocate nearly all of the $50 billion from the CHIPS Act before Donald Trump assumes office, aiming to solidify the Biden administration's tech legacy. This effort is part of a broader strategy to secure bipartisan-supported programs against potential rollbacks by a Republican administration. Raimondo is confident that the bipartisan nature of the CHIPS Act, focused on national security, will protect it from significant changes under Trump. The Commerce Department has shifted towards high-tech and national security under her leadership.

via POLITICO|

#biden-administration #chips-act #commerce-department

technology2 years ago•1 min saved

Raimondo Promises Firm Response to Huawei's Chip Advancement

Commerce Secretary Gina Raimondo has stated that the US will take the "strongest possible" action to protect national security in response to a recent chipmaking breakthrough by Huawei, a Chinese company. Raimondo expressed deep concern over the development and emphasized the vigorous investigation of such matters.

via Bloomberg|

#chip-breakthrough #commerce-department #gina-raimondo

technology2 years ago•1 min saved

"US Boosts Chip Manufacturing with Multi-Billion Dollar Awards and Upgrades"

US Commerce Secretary Gina Raimondo expects to announce around a dozen semiconductor chips funding awards within the next year, including multi-billion dollar announcements, as part of the "Chips for America" program. The goal is to increase the percentage of semiconductors produced in the US from 12% to closer to 20% and establish leading-edge manufacturing clusters. The first award of $35 million has been given to BAE Systems. Companies like Intel, Micron, and GlobalFoundries are seeking significant funding from the program, which has received over 550 statements of interest. Congress has allocated $39 billion for manufacturing incentives.

via Reuters|

#bae-systems #gina-raimondo #manufacturing-incentives

international-relations2 years ago•7 min saved

Raimondo's Visit to China: Balancing Trade and Tensions

Gina Raimondo, the US Secretary of Commerce, is traveling to China with the dual responsibility of strengthening US business relations with Beijing while imposing tough trade restrictions on China. The Commerce Department, under Raimondo's leadership, has imposed extensive trade restrictions on sales of chips, software, and machinery to China's semiconductor industry, with the possibility of further restrictions being considered. Raimondo's visit will test the Biden administration's ability to balance economic ties with China and national security concerns. While American officials argue that economic engagement can coexist with limited trade restrictions, skepticism remains in both countries. Chinese officials view the restrictions as an effort to hold back their economy, while some Republicans in the US believe even innocuous business ties with China could undermine US industries.

via The New York Times|

#economic-ties #gina-raimondo #international-relations

technology2 years ago•0 min saved

The Urgency of Shaping AI's Future and Addressing Real Risks

Antony Blinken and Gina Raimondo emphasize the need for swift action to shape the future of artificial intelligence (AI). They argue that AI will have a profound impact on various sectors, including national security, healthcare, and the economy. To harness the potential benefits of AI and address its challenges, they call for investments in research and development, collaboration with international partners, and the establishment of ethical guidelines. They stress the importance of acting quickly to ensure that the United States remains at the forefront of AI innovation and maintains its competitive edge in the global AI landscape.

via Financial Times|

#action #ai #antony-blinken