Commerce Secretary Says US Could Become Global Leader in Semiconductor Manufacturing by 2030

Through various investments, Commerce Secretary Gina Raimondo hopes the United States can become a global leader in the microchip industry.

Secretary of Commerce Gina Raimondo speaks during a conference about the Indo-Pacific Economic Framework at the Wilson Center in Washington on July 25, 2023. Madalina Vasiliu/The Epoch Times

U.S. Commerce Secretary Gina Raimondo believes America could become a key player in the global microchip industry by the decade’s end.

In a Feb. 26 speech at the Center for Strategic and International Studies think tank in Washington, Ms. Raimondo said that investments, such as those under the CHIPS and Science Act, will “put this country on track to produce roughly 20 percent of the world’s leading-edge logic chips” by 2030.