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Nvidia’s AI mania provides new urgency to Biden’s goal of boosting US chipmakers

The growing fear that there is not enough semiconductor supply to meet the AI demand is adding new urgency to the effort to bring chip making back on US soil.

Raimondo oversees a team that has ballooned to more than 200 people charged with implementing the CHIPS and Science Act, legislation that was signed into law 18 months ago and designed to confront America's falling share of semiconductor manufacturing. U.S. Commerce Secretary Gina Raimondo speaks during an announcement in 2022 that Intel will invest $20 billion to build two computer chip factories in Ohio, just east of Columbus. It will have to compete with China, which is also offering more generous government incentives, and perhaps burgeoning private efforts like Altman's goal of raising up to $7 trillion for semiconductor manufacturing, according to a Wall Street Journal report.

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