US Lawmakers Look to Carve Off Chips Funding to Speed Passage: Raimondo

Commerce Secretary Gina Raimondo testifies before the Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies during a hearing on expanding broadband access on Capitol Hill in Washington on Feb. 1, 2022. Sarah Silbiger/Pool via Reuters

WASHINGTON—U.S. Secretary of Commerce Gina Raimondo said on Wednesday that lawmakers appear to be moving to carve off $52 billion in semiconductor chips manufacturing subsidies from a larger bill on boosting U.S. competitiveness with China.

“Things seem to be coalescing around the path of chips, or maybe chips plus a thing or two, and getting it done this month,” Raimondo told Reuters in a telephone interview. “It seems like that’s what Congress is coalescing around.”