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
Resilient supply chain and more importantly not have to rely on other countries to produce the chips we need. i other countries to produce the chips we need. ., . other countries to produce the chips we need. ., , . , ., we need. i need to correct my own correction we need. i need to correct my own correction i we need. i need to correct my own correction i did we need. i need to correct my own correction i did of we need. i need to correct my own correction i did of course we need. i need to correct my own correction i did of course been - we need. i need to correct my own | correction i did of course been 52.7 billion in subsidies, not million. i did not catch it. more than 460 companies have expressed interest, but when will this programme actually be implemented? we are doing it on invitation process but in terms of where we are going to give out some of the award spending i don t want to get ahead of the team. it s important to be clear that this is taxpayers dollars we