Officials from the Department of Commerce will travel to Beijing and Shanghai to lay groundwork for a potential trip by Secretary Gina Raimondo, sources say.
Sen. Mark Warner, D-Va., is set to introduce the legislation with Sen. John Thune, R-S.D., at a news conference Tuesday afternoon.
Commerce Secretary Gina Raimondo said the U.S. will channel CHIPS and Science Act funds into semiconductor manufacturing clusters by 2030.
Commerce Secretary Gina Raimondo backs the Biden administration’s new rules against U.S. companies and citizens helping China manufacture semiconductors.
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