U.S. Department Of Commerce (DOC)
Recent News About U.S. Department Of Commerce (DOC)
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U.S identifies critical sectors under IPEF Supply Chain Agreement
Today, the United States announced its list of critical sectors and key goods for potential cooperation under the IPEF Supply Chain Agreement to strengthen supply chain resiliency. This marks a significant milestone in implementing the agreement, which aims to establish a framework for deeper collaboration to prevent, mitigate, and prepare for supply chain disruptions.
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Biden-Harris administration announces terms with Texas Instruments for chip production expansion
The Biden-Harris Administration has announced a preliminary memorandum of terms (PMT) with Texas Instruments (TI) to provide up to $1.6 billion in proposed funding under the CHIPS and Science Act. This initiative aims to enhance domestic supply chain resilience, advance national security, and boost U.S. competitiveness in semiconductor production.
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USPTO to host Invention-Con for aspiring inventors, makers, entrepreneurs
From August 16-17, the Department of Commerce’s U.S. Patent and Trademark Office (USPTO) will host Invention-Con 2024: Expanding Your Intellectual Property Potential. This free event provides resources and access to independent inventors, entrepreneurs, and small business owners whose success depends on guarding their creative work.
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Funding from CHIPS Act boosts US semiconductor manufacturing
Two years ago today, President Biden signed the bipartisan CHIPS and Science Act into law, investing nearly $53 billion to bring semiconductor supply chains back to the U.S., create jobs, support American innovation, and protect national security.
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Commerce Department announces Supply Chain Summit focusing on proactive strategies
The U.S. Department of Commerce announced today that it will hold a Supply Chain Summit in Washington, D.C., on September 10, 2024, in collaboration with the Council on Foreign Relations.
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Department of Commerce hosts second national partnerships summit for non-profits
On July 24, the Department of Commerce Office of Faith-Based & Neighborhood Partnerships, in collaboration with United Way Worldwide and Public Democracy America, hosted the National Partnerships Summit 2.0. The event featured keynote remarks from Secretary Gina Raimondo, Deputy Secretary Don Graves, Assistant Secretary for the Economic Development Administration (EDA) Alejandra Castillo, and Acting Under Secretary of Commerce for Minority Business Development Eric Morrissette. They emphasized the Biden-Harris Administration's commitment to celebrating and empowering...
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Secretary Raimondo addresses concerns over China's impact on legacy semiconductor market
On Monday, U.S. Secretary of Commerce Gina Raimondo convened a roundtable discussion with investors to address non-market actions from the People’s Republic of China (PRC) that threaten to distort the market for mature node, or "legacy," semiconductors. Secretary Raimondo expressed concern over practices by the PRC aimed at overproducing legacy chips and hindering U.S. companies and those in allied countries from competing fairly.
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Commerce Department announces preliminary terms with SK hynix under CHIPS Act
The Biden-Harris Administration announced that the U.S. Department of Commerce and SK hynix have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $450 million in proposed federal incentives under the CHIPS and Science Act. This agreement aims to establish a high-bandwidth memory (HBM) advanced packaging fabrication and research and development (R&D) facility.
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Commerce Department announces $575 million for climate resilience in coastal communities
The Commerce Department has announced a significant investment aimed at enhancing climate resilience in America's coastal communities. Commerce Secretary Gina Raimondo revealed that the department is recommending $575 million in funding for 19 projects across coastal and Great Lakes states and territories. This funding, provided through the National Oceanic and Atmospheric Administration’s (NOAA) Climate Resilience Regional Challenge (CRRC), is part of the Biden-Harris Administration's efforts to combat the climate crisis.
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NTIA announces nearly $1 billion in funding under Digital Equity Act
July marks the 34th anniversary of the Americans with Disabilities Act, highlighting the ongoing need for inclusivity and accessibility in society, particularly in the digital sphere. Individuals with disabilities frequently face challenges to digital equity, such as obtaining affordable assistive technologies, navigating inaccessible websites and digital content, and accessing reliable Internet service.
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U.S., IPEF partners establish key bodies under landmark supply chain agreement
The U.S. Department of Commerce has announced progress in operationalizing the Indo-Pacific Economic Framework for Prosperity (IPEF) Agreement Relating to Supply Chain Resilience with the conclusion of the inaugural virtual meetings of three newly established supply chain bodies: the Supply Chain Council, the Crisis Response Network, and the Labor Rights Advisory Board.
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Commerce Department announces new tools following executive order on safe development of artificial intelligence
The U.S. Department of Commerce announced the release of new guidance and software to enhance the safety, security, and trustworthiness of artificial intelligence (AI) systems. This announcement comes 270 days after President Biden’s Executive Order on the Safe, Secure, and Trustworthy Development of AI.
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U.S., Nigeria sign MOU to strengthen commercial ties
The U.S. Department of Commerce and Nigeria’s Ministry of Investment, Trade, and Industry, along with the Ministry of Communications, Innovation and Digital Economy, have formalized their commitment to enhancing commercial ties through a new Memorandum of Understanding (MOU) and a joint statement on shared digital priorities.
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Biden-Harris administration proposes $575M for coastal climate resilience
The Biden-Harris Administration and the National Oceanic and Atmospheric Administration (NOAA) have proposed $575 million in funding for 19 projects aimed at enhancing climate resilience in coastal and Great Lakes states and territories. This initiative falls under NOAA’s Climate-Ready Coasts program, part of the broader Investing in America agenda.
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Biden-Harris Administration announces preliminary terms with Amkor Technology
The Biden-Harris Administration announced that the U.S. Department of Commerce and Amkor Technology, Inc. have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $400 million in proposed direct funding under the CHIPS and Science Act. President Biden signed this bipartisan act as part of his Investing in America agenda to revitalize semiconductor manufacturing in the United States, strengthen the domestic supply chain, create jobs, and support future industries.
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U.S., Nigeria collaborate on AI development and digital upskilling
The United States Department of Commerce and the Nigerian Ministry of Communications, Innovation, and Digital Economy have released a joint statement to enhance collaboration in the digital economy. This initiative is part of the Memorandum of Understanding signed by U.S. Secretary of Commerce Gina Raimondo and Nigeria’s Minister of Investment, Trade, and Industry Dr. Doris Nkiruka Uzoka-Anite, launching the U.S.-Nigeria Commercial and Investment Partnership.
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Commerce Department announces $240M investment in fish hatcheries supporting tribes
The Departments of Commerce and the Interior announced a $240 million investment from President Biden’s Investing in America agenda to support fish hatcheries that produce Pacific salmon and steelhead. This initiative underscores the Biden-Harris administration’s commitment to empowering Tribal Nations and fulfilling federal trust and treaty responsibilities. Fish hatcheries in the Pacific Northwest are vital for subsistence, ceremonial, and economic benefits for Tribal communities, as well as fulfilling Treaty-reserved fishing rights. The National Oceanic and Atmospheric...
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Biden-Harris Administration announces initiatives at Innovative Capital Summit
On July 23, the Biden-Harris Administration announced a series of actions and commitments from the U.S. Department of Commerce’s Economic Development Administration (EDA), the National Science Foundation (NSF), and the private sector to support the long-term success of all designated Regional Technology and Innovation Hubs (Tech Hubs) and NSF Regional Innovation Engines (NSF Engines).
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Biden-Harris Administration enhances early wildfire detection using advanced satellite technology
The Biden-Harris Administration announced today an initiative to enhance early wildfire detection capabilities through satellite technology. The National Oceanic and Atmospheric Administration (NOAA) has entered into an agreement with the Department of the Interior and the U.S. Department of Agriculture (USDA)’s Forest Service to utilize data from NOAA's Geostationary Operational Environmental Satellite — R series (GOES-R). This collaboration, backed by a $20 million investment from the President’s Bipartisan Infrastructure Law, aims to improve the speed and accuracy of...
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EU-U.S. Data Privacy Framework undergoes first periodic review
U.S. Secretary of Commerce Gina Raimondo and EU Commissioner for Justice and Consumers Didier Reynders issued a joint statement today regarding the first periodic review of the EU-U.S. Data Privacy Framework (DPF). Representatives from the United States Government, the European Commission, and EU data protection authorities convened in Washington D.C. on July 18 and 19 to conduct this review.