Raimondo on CHIPS Act: ‘We’re going to construct an entire semiconductor ecosystem’
Secretary of Commerce Gina Raimondo gives remarks surrounding the CHIPS and Science act being signed into law on August 9, 2022.
Video Transcript
GINA RAIMONDO: This couldn't have come at a more urgent moment. As has been said, semiconductors power everything-- everything-- in our economy. And thank you to the private sector partners who are here today. They're the linchpin of our economic and our national security. And our overreliance on foreign manufacturers is a real vulnerability.
But as has been said, that's going to change. That is going to change. With these investments, that changes. That changes right now. We're going to construct an entire semiconductor ecosystem right here in the United States of America.
[APPLAUSE]
That means creating hundreds of thousands of high quality, high paying manufacturing jobs in the United States of America. It means unleashing the next generation of American innovation. It means building more secure supply chains and protecting Americans' global leadership and values for decades and generations to come. And we're going to ensure when we're creating these jobs, all Americans have a shot at getting these jobs-- all Americans.
[APPLAUSE]
And that comes straight from the top. So thank you again, President Biden, for your leadership. Thank you to the bipartisan work in Congress. Together, we are strengthening our leadership and our ability to innovate, and outinnovate, and compete for generations to come.
