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Biden administration announces Chips Act implementation team

One of the largest industrial development programs ever undertaken by the U.S. government

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September 20, 2022 at 7:18 p.m. EDT
Secretary of Commerce Gina Raimondo at a program Sept. 13 on building a semiconductor ecosystem in West Lafayette, Ind. (Darron Cummings/AFP/Getty Images)
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The White House and Commerce Department on Tuesday announced the team that will oversee the doling out of $52 billion in federal subsidies for the semiconductor industry, pledging strict oversight to “responsibly spend taxpayer dollars.”

Distributing the money provided in the Chips and Science Act will be one of the biggest industrial development programs the federal government has ever administered.