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U.S. Commerce Secretary Gina Raimondo said a proposed $52 billion boost in government funding for semiconductor production and research could result in seven to 10 new U.S. factories.

Raimondo said she anticipated the government funding would generate "$150 billion-plus" in investment in chip production and research - including contributions from state and federal governments and private-sector firms.



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Congress Bill Hopes To Have 7 to 10 New Semiconductor Plants In The US - But The REAL Question Is Why Did They Allow It All To Go Overseas In The First Place?

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