{"id":5939,"date":"2021-05-25T09:56:13","date_gmt":"2021-05-25T13:56:13","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=5939"},"modified":"2021-08-03T11:07:09","modified_gmt":"2021-08-03T15:07:09","slug":"government-funding-could-bring-7-to-10-new-chip-factories","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/government-funding-could-bring-7-to-10-new-chip-factories\/","title":{"rendered":"Government Funding Could Bring 7 To 10 New Chip Factories"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">On Monday, U.S. Commerce Secretary Gina Raimondo said the recently proposed $52 billion government grant for semiconductor production and research could result in 7 to 10 new chip factories in the U.S. once the project is completed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Raimondo, she estimated that the government funds would generate &#8220;150 billion-plus&#8221; in investments in chip production with states, federal and private firms taking active parts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There will be a transparent process for allocating funds to states competing for federal funds for chip plants.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">She said, &#8220;We just need the federal money &#8230; to unlock private capital. It could be seven, could be eight, could be nine, could be 10 new factories in America by the time we&#8217;re done.<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.reuters.com\/article\/us-usa-semiconductors-chips\/u-s-chip-funding-could-result-in-seven-to-10-new-factories-officials-idUSKCN2D5237\" target=\"_blank\" rel=\"noopener\">original story<\/a> in Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>U.S. government funding could set up 7 to 10 new chip factories in the country.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-5939","post","type-post","status-publish","format-standard","hentry","category-todays-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/5939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=5939"}],"version-history":[{"count":3,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/5939\/revisions"}],"predecessor-version":[{"id":5976,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/5939\/revisions\/5976"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=5939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=5939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=5939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}