Its long been thought that 10,000 is the magic number, but could walking 5,000 steps a day be enough to see a benefit . The white house is marking one year since President Biden signed the chips for america legislation. It earmarked 52. 7 million in subisdies for the Semiconductor Industry in the us. The Commerce Department started taking in applications injune for the Subsidy Programme for Us Semiconductor manufacturing and since then, more than 460 companies have expressed interest in the funding. The programme is part of the administrations bid to boost competitiveness with chinas science and technology. The Commerce Department is also tyring to ensure that china doesnt benefit from the subsidies. Adrienne elrod is director of external and Government Affairs in the chips for America Office of the Us Department of commerce. How does the Biden Administration believe this legislation serves economic and National Security . First of all i think, thank you for having me, it is great to t
Are strengthening our security manufacturing semiconductors here. what are the next steps? we manufacturing semiconductors here. what are the next steps? what are the next steps? we are auoin what are the next steps? we are going through what are the next steps? we are going through the what are the next steps? we are going through the due what are the next steps? we are going through the due diligence l what are the next steps? we are - going through the due diligence step and applications are coming through on a rolling basis, we are not going to announce all the awards at one time, this will be a rolling basis but i think sooner than later we will start announcing companies that we are entering into. which means that we will be giving some sort of fun, interacting with those companies to make sure we are being good stewards of taxpayer dollars. the next five to ten years we hope to have a much larger proportion made here in the united states.