In the waning days of the 2024 presidential election, even the bipartisan bill that's pouring $54 billion into the semiconductor manufacturing industry has become a political issue.
One of the facilities Samsung is building will be the size of 11 football fields, Commerce Secretary Gina Raimondo said. The new investment will create thousands of jobs, the White House said.
President Biden was in the battleground state of Arizona to make the biggest announcement yet in his plan to bring semiconductor manufacturing back to America.
China's president says success for the U.S. and China can be mutually beneficial. U.S. Commerce Secretary Gina Raimondo says that the reality is a bit more complicated than that.