As U.S. officials prepare to make available tens of billions of dollars in incentives for semiconductor manufacturing, U.S. Commerce Secretary Gina Raimondo says the construction industry needs to train more workers over the next decade to meet the demand as well as for infrastructure projects.
The Chips and Science Act, passed by Congress and signed by President Joe Biden last summer, directs $52 billion toward semiconductor manufacturing, including about $28 billion in incentives for manufacturers to establish domestic production of advanced chips. Raimondo, who made the comments during a Feb. 23 speech about the statute at Georgetown University, said officials would announce the application process on Feb. 28, for companies seeking a piece of that funding.