Rep. Lucas and others to get update on $50 billion CHIP investments


Commerce Secretary Gina M. Raimondo will go before House Science, Space and Technology Committee Chairman Frank Lucas and others to give an update on seminconductor incentives, manufacturing and research.

“The Department of Commerce has a crucial task in not only allocating the $50 billion in funding from the CHIPS and Science Act, but ensuring dedicated programs are successfully implemented,” Chairman Lucas said.

The update is part of the Chips and Science Act and the Oklahoma Representative hopes the Biden administration uses the funding efficienty and effectively. He said the nvestments should contribute to the country’s innovation and competitiveness, “which will be critically important as we face mounting competition from adversaries like China.”

The Committee hearing is scheduled for Tuesday, September 19 at 10 a.m. and is entitled Chips on the Table: A One Year Review of the Chips and Science Act