US Commerce chief urges chip companies to begin environmental reviews

WASHINGTON : Commerce Secretary Gina Raimondo said on Thursday semiconductor chip companies seeking U.S. government funding should move quickly on environmental reviews for new projects.

"We are committed to doing everything humanly possible to move the process as fast as possible but it's a concern and we don't want this to hold anything up," Raimondo told Reuters on the sidelines of an event. Raimondo said the department is telling companies"if they think they are going to apply they should already have hired the consultants and the lawyers and start the process" of environmental assessments.

Senators Mark Kelly, a Democrat, and Republican Roger Wicker said in a letter to Raimondo seen by Reuters that many projects awarded funds under the CHIPS program will be subject to review under the National Environmental Policy Act .

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US outbound investment measure should not be overly broad, Biden official saysWASHINGTON : The Biden administration is considering a pilot program to address risks about outbound investment in China, Commerce Secretary Gina Raimondo said Thursday.Raimondo said at a Bloomberg News forum a proposed measure restricting U.S. investors from taking stakes in certain Chinese firms should
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »