The government's $52 billion investment to develop advanced computer chips has become a rare source of bipartisan agreement in Congress. The Biden administration says the U.S. needs a whole-of-society effort for the investments to succeed.
Chips are integrated circuits that are embedded in a semiconductor, a material — notably silicon — that can manage the flow of electric current. The terms “chip” and “semiconductor” are often used interchangeably.
“There have been times in history,” Raimondo said in an interview, “where a president used the pursuit of a goal, a technological goal, like putting a man on the moon, like leading the world in nuclear technology, to catalyze the whole country to do their part in achieving that goal.”To succeed, she said, the U.S. needs a whole-of-society effort.
“We have to bring down the cost — big time — which means innovation, innovation, innovation,” Raimondo said.
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