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SAN JOSE, California -- The U.S. will require a second CHIPS Act if the country wants to "lead the world" in the semiconductor field, U.S. Secretary of Commerce Gina Raimondo said Wednesday at an Intel foundry event.
The $52 billion CHIPS Act, signed by U.S. President Joe Biden in 2022, saw its third and largest grant so far of $1.5 billion delivered to New York-based chipmaker GlobalFoundries earlier this week.
