Gina Raimondo
US Secretary of Commerce will step down – but first she will spend as much as possible on high technology, until January.
Among the many recent appointments of Donald Trump, a less mediatic one was the choice of Howard Lutnick.
The president of the investment bank Cantor Fitzgerald will be the US Secretary of Commerceenvisaging a protectionist and anti-China stance.
But what is also predicted is that when Howard Lutnick takes over, he will find a department…with little money.
Gina Raimondo is still the US Secretary of Commerce. And there is a urgent mission: spend as much as possible on high technology before Donald Trump takes office in January.
In other words, your urgent mission is leave the future president without moneyresume o .
While still occupying the White House, the Biden administration wants to spend almost all of the dollars that have not yet been spent on its microchip subsidies.
It’s the CHIPS and Science Act: Congress allocated $50 billion – about 47.5 billion euros – in subsidies for semiconductor manufacturing and research and development.
“I would like to have almost all the money committed when we leave. That is the objective, and I certainly want, with regard to top companies, all the main announcements to have already been made”, admitted the person in charge, in an interview with Politico.
But, for now, only two large companies are “closed”. Gina still has to sign contracts with: Intel, Micron, Samsung e SK hynix. Each one will be a billion-dollar contract, difficult, requiring renegotiations.
But Gina Raimondo really has press: I have already told my employees that it is for to work also during the weekend, and even did personal phone calls for directors of technology companies to speed up negotiations.
“Now some people call me Secretary of Technology – and that’s right”he commented.
Your mind is “focused”: everything has to be spent before January 20th, the day of inauguration of future president Donald Trump.
Even when the Republican Party, Gina hopes these agreements are not revokedas the CHIPS and Science Act was passed by Congress (upper and lower house) with bipartisan support. “And even today it has great bipartisan support”, assured the Secretary of Commerce.
