Biden administration announces $5 billion commitment for research and development of computer chips

FILE – U.S. Secretary of Commerce Gina Raimondo speaks during a visit to BAE Systems in Nashua, NH, on December 11, 2023. The Biden administration will announce on Friday, February 9, 2024, the $5 billion investment in a public-private consortium aimed at supporting research and development in advanced computer chips. (AP Photo/Steven Senne, File)