Latest Breaking News On - Senate appropriations vice - Page 8 : comparemela.com

Jack Fitzpatrick, Bloomberg News (Bloomberg) The U.S. faces a national security “crisis” due to its lack of semiconductor production, Commerce Secretary Gina Raimondo told senators in a hearing on President Joe Biden’s infrastructure plan. “It is not an exaggeration to say at the moment that we have a crisis in our supply chain,” Raimondo said Tuesday, calling the production deficiencies “a national security risk and an economic security risk.” The U.S. is entirely reliant on China and Taiwan for semiconductors, Raimondo told members of the Senate Appropriations Committee. Biden’s $2.25 trillion infrastructure proposal called for $50 billion for the National Science Foundation to create a technology directorate that would focus on semiconductor manufacturing, among other things.

United statesGina raimondoTodd youngJoe bidenRichard shelbySenate majority leader chuck schumerSenate appropriations committeeNational science foundationSemiconductor industry associationTaiwan semiconductor manufacturing coSenate appropriations viceBoston consulting groupCommerce secretary gina raimondoPresident joe bidenSenate appropriationsRepublican todd young