Good afternoon! I’m so excited to be here. This is a big day and we owe so much of it to Leader Schumer, who was the driving force behind the CHIPS and Science Act. Thank you to your leader, Tom Caulfield. Thank you to Governor Hochul, who has been a steadfast ally; Representative Tonko, who has been an advocate for New York; and Lael Brainard, who is joining us from the White House. And finally –...

U.S. Secretary of Commerce Gina Raimondo will travel to Costa Rica next month to highlight the U.S.-Costa Rican bilateral commercial and investment relationship, and to underscore the need for diverse and resilient semiconductor supply chains. During her travel, the Secretary will address the need for geographical diversification of the semiconductor ecosystem to like-minded nations through...

Today the U.S. Department of Commerce released the 2023 update to its Equity Action Plan , in coordination with the Biden-Harris Administration’s whole-of-government equity agenda. This Equity Action Plan is part of the Department’s efforts to implement the President’s Executive Order on “ Further Advancing Racial Equity and Support for Underserved Communities Through The Federal Government ,”...

Thank you, Senator Warner. I am grateful to you and Representative Beyer for joining us today. Your leadership was essential to getting the CHIPS and Science Act passed and making the Innovation Fund happen. I also want to thank Assistant Secretary Davidson and the entire Innovation Fund team at NTIA for your terrific work standing up this program and funding projects like the one we’re here to...

Today, Secretary of Commerce Gina Raimondo met with Thailand’s Deputy Prime Minister and Minister of Foreign Affairs Parnpree Bahiddha-Nukara. During the meeting, Secretary Raimondo underscored the importance of Thailand’s contributions and participation in the Indo-Pacific Economic Framework for Prosperity (IPEF). In particular, the two discussed ways to work together to strengthen economic ties...

Network Expected to Provide Access and Opportunity for Black Americans Coinciding with Black History Month, Commerce Secretary Gina Raimondo hosted the launch of the HBCU CHIPS Network yesterday, a collaboration between several Historically Black Colleges and Universities (HBCUs) and the Georgia Institute of Technology. This collaboration will help coordinate the resources of these colleges and...

Thank you for that introduction, Kylie. I am grateful for your leadership as the Chief Opportunity and Inclusion Officer at CHIPS. It’s my honor to welcome you to the Department of Commerce, especially as we observe Black History Month. It’s hard to overstate how transformative the CHIPS for America program is going to be for communities across the country. Semiconductors have become integral to...

Today, Secretary of Commerce Gina Raimondo, Under Secretary Laurie Locascio, Director of the AI Safety Institute Elizabeth Kelly, and Institute Chief Technology Officer Elham Tabassi gave remarks at a roundtable with leading AI developers and deployers in conjunction with the launch of the AI Safety Institute Consortium. Secretary Raimondo moderated the discussion, which ranged from the desire to...

Hiring Increases Due to Rise in Consumer Confidence and Spending Kicking off 2024, the U.S. Labor Department’s Bureau of Labor Statistics reported last week that the U.S. economy added over 350,000 jobs in January – far exceeding expectations. The unemployment rate was 3.7 percent for the third month in a row coming in below 4% for two straight years – the longest such streak since the 1960s. In...

Thank you for that introduction. Welcome, everyone, to the Commerce Department. And thank you all for your willingness to serve on this commission. America’s growing and vibrant Hispanic communities are a driving force in our economy. I saw it firsthand during my time as Governor of Rhode Island, where the Hispanic population grew by nearly 40 percent in the last decade. More than 375,000 of our...