News and reports from the Department of Commerce.

SINGAPORE – U.S. Secretary of Commerce Gina Raimondo and Singapore’s Minister of Communications and Information Josephine Teo convened a roundtable discussion today with business and tech leaders on artificial intelligence (AI). Both officials emphasized the importance of harnessing AI's full potential while promoting high standards for its responsible design, development, and deployment.

Earlier this month, the Department of Commerce Office of Faith-Based & Neighborhood Partnerships, in collaboration with Hispanic Access, hosted the National Latino Advocacy Summit in Washington, D.C. The event aimed to empower the Latino community and enhance their advocacy capabilities.

The U.S. Department of Commerce's U.S. Patent and Trademark Office (USPTO) is actively providing intellectual property (IP) and entrepreneurship resources to the military community, including service members on active duty, military spouses, National Guardsmen, Reservists, veterans, and military family members worldwide. This initiative aligns with President Biden’s commitment to supporting veterans, military families, and caregivers.

U.S. Secretary of Commerce Gina Raimondo will travel to Singapore from June 3 to June 6 to participate in the Indo-Pacific Economic Framework for Prosperity (IPEF)’s Ministerial meeting. Raimondo will also lead 22 American companies to the inaugural IPEF Clean Economy Investor Forum, aiming to accelerate sustainable infrastructure and climate technology investments in the region.

The Biden-Harris Administration announced that the U.S. Department of Commerce and Absolics, an affiliate of Korea-based SKC, have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $75 million in direct funding under the CHIPS and Science Act. This investment aims to support the construction of a 120,000 square-foot facility in Covington, Georgia, and the development of substrates technology for semiconductor advanced packaging.

On May 22, Deputy Secretary of Commerce Don Graves met with the Secretary’s Renewable Energy and Energy Efficiency Advisory Committee for the final meeting of its seventh charter. Deputy Secretary Graves expressed gratitude to the Committee for its recommendations over the course of its two-year charter.

Last week, U.S. Commerce Secretary Gina Raimondo and Deputy Secretary Don Graves delivered opening remarks at the Minority Business Development Agency’s (MBDA) second annual AANHPI Business Summit. They reiterated the Biden Administration’s commitment to an equitable and prosperous future for Asian American (AA) and Native Hawaiian, and Pacific Islander (NHPI) workers, entrepreneurs, and businesses.

The U.S. Department of Commerce has been ranked among the top five best places to work in the federal government for the 12th consecutive year, according to the 2023 Best Places to Work in the Federal Government rankings. The rankings were released by The Partnership for Public Service and Boston Consulting Group in collaboration with The Washington Post.

President Biden is taking action to safeguard American workers and businesses from China's unfair trade practices, which threaten key sectors crucial for America's economic future and national security. These practices include issues related to technology transfer, intellectual property, and innovation. Additionally, China's strategy of flooding global markets with artificially low-priced exports has raised concerns. In response, President Biden has instructed his Trade Representative to raise tariffs under Section 301 of the Trade Act of 1974 on $18 billion worth of imports...

U.S. Secretary of Commerce Gina Raimondo issued a statement on President Biden's decision to direct the United States Trade Representative to increase tariffs under Section 301 of the Trade Act of 1974 on $18 billion worth of imports from China. The move is aimed at protecting American workers and businesses.

U.S. Secretary of Commerce Gina Raimondo has announced the roster of global executives, business leaders, and senior U.S. government representatives who will participate in the 2024 SelectUSA Investment Summit. The event is scheduled to take place from June 23-26 at the Gaylord National Resort and Convention Center in National Harbor, Maryland.

The Biden-Harris Administration has announced a preliminary memorandum of terms (PMT) with Polar Semiconductor, in which the U.S. Department of Commerce may provide up to $120 million in federal incentives under the CHIPS and Science Act. This proposed funding is expected to spur investment from private and state sources to expand Polar's manufacturing facility and introduce new technology capabilities in Bloomington, Minnesota.

Deputy Secretary of Commerce Don Graves addressed the National Association of District Export Councils’ Annual Export Conference on May 13, 2024. He expressed his gratitude to Jonathan, Vice-Chair Anne Burkett, and their team for organizing the event. He also acknowledged the significant role played by the District Export Councils (DECs) in promoting understanding of exporting value and providing essential support to local trade ecosystems.

The U.S. Department of Commerce's National Telecommunications and Information Administration (NTIA), in collaboration with several other bureaus within the department, has begun implementing a significant Internet routing security measure. This initiative is aimed at enhancing cybersecurity across the department and fulfills a key priority from the National Cybersecurity Strategy.

Secretary of Commerce Gina Raimondo held a meeting with His Excellency Mohamed bin Hassan Alsuwaidi, the Minister of Investment of the United Arab Emirates, yesterday. The focus of their discussion was on shared investment priorities and potential avenues to expand commercial and investment ties between the United States and the United Arab Emirates.