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WASHINGTON (Reuters) - The U.S. Commerce Department is pressing Taiwan Semiconductor Manufacturing Co Ltd and other Taiwanese firms to prioritise the needs of U.S. automakers to ease chip shortages in the near term, Commerce Secretary Gina Raimondo said.
Raimondo told a Council of the Americas event on Tuesday that longer term, increased investment was needed to produce more semiconductors in the United States and that other critical supply chains needed re-shoring, including to allied countries. We re working hard to see if we can get the Taiwanese and TSMC, which is a big company there, to, you know, prioritize the needs of our auto companies since there s so many American jobs on the line, Raimondo said in response to a question from a General Motors Co executive.
Publishing date: May 05, 2021 • 3 hours ago • 2 minute read •
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WASHINGTON The U.S. Commerce Department is pressing Taiwan Semiconductor Manufacturing Co Ltd and other Taiwanese firms to prioritize the needs of U.S. automakers to ease chip shortages in the near term, Commerce Secretary Gina Raimondo said.
Raimondo told a Council of the Americas event on Tuesday that longer term, increased investment was needed to produce more semiconductors in the United States and that other critical supply chains needed re-shoring, including to allied countries.
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U.S. lawmakers make push for electric vehicles, charging stations Reuters 3 hrs ago
WASHINGTON, May 5 (Reuters) - U.S. lawmakers are pushing for tens of billions of dollars in funding to shift to electric vehicles and away from gas-powered vehicles and build hundreds of thousands of charging stations.
Representatives Andy Levin and Alexandria Ocasio-Cortez on Wednesday are unveiling a revised version of their bill dubbed the Electric Vehicle Freedom Act to create a network of high-speed charging stations within five years along the public roads of the national highway system in the United States.
The House Democrats proposed a version last year while Donald Trump was president and who backed ending taxpayer subsidies for electric vehicle purchases. Levin said in an interview everything s changed in the push for EVs with the change in administration.