China, not self-sufficiency, is US target in chips initiative: Raimondo
- US$53 billion Chips Act investment does not aim to end reliance on allies but to work with them to outcompete China
- Applications for the first round of manufacturing grants open on Tuesday, with a focus on commercial facilities
In a speech at Georgetown University on Thursday, Raimondo said the US aims to design and produce the world’s most advanced chips on its shores by 2030 and be “the only country in the world” where every company capable of producing leading-edge chips has a significant research and development and high-volume manufacturing presence.
“What we’re not trying to do is aim for self-sufficiency,” she said. “We don’t want a subsidy race. And we certainly don’t want to produce all the chips we need in America.”
Raimondo said the US aims to have at least two large-scale clusters for leading-edge logic fabs by 2030, each including a supplier ecosystem, R&D facilities and thousands of workers. She did not elaborate on where they might be located.
The Chips Act allocates US$39 billion in incentives to encourage companies to build and expand. In addition to next week’s manufacturing applications, the Commerce Department will be putting out funding opportunities for supply chain companies and R&D investments in coming months.