US Needs More Chips Funding as AI Fuels Demand, Raimondo Says
- US Commerce chief says AI creates ‘mind boggling’ chip demand
- Intel CEO says US grant announcement coming ‘very soon’
Gina Raimondo
Photographer: Ting Shen/BloombergCommerce Secretary Gina Raimondo said that the US will need continued investments in semiconductor manufacturing to regain global leadership and meet demand from artificial intelligence technologies.
“I suspect there will have to be — whether you call it Chips Two or something else — continued investment if we want to lead the world,” Raimondo said during a virtual appearance at an Intel Corp. event Wednesday. “We fell pretty far. We took our eye off the ball.”