Raimondo warns US chips push faces long delays in permit process
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Raimondo warns US chips push faces long delays in permit process
(Bloomberg) — Commerce Secretary Gina Raimondo warned that US efforts to build out the domestic semiconductor industry could be delayed by years if companies are required to go through standard environmental reviews, signaling climate regulations may clash with national security goals.
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Projects under construction by Micron Technology Inc., Intel Corp. and Taiwan Semiconductor Manufacturing Co. — who’ve together pledged up to $195 billion in US investment — are among those that could be affected by lengthy reviews that Raimondo and a bipartisan group of lawmakers had tried to avoid.
Raimondo in October urged Congress to approve a measure exempting federally-funded chips projects from such environmental permitting, which she said could force construction to stop for “up to years.” Asked whether that was still her assessment after House Republicans killed the exemption measure last week, she said “yes, potentially.”
Read more: US Bid to Speed Up Chip Projects Blocked by Speaker Johnson
“Obviously we want to do everything always to protect the environment,” Raimondo said in an interview with Bloomberg News in Nashua, New Hampshire. “But this is a national security priority, and we need to move quickly.“
The Commerce Department on Monday announced its first award from the 2022 Chips Act, which set aside subsidies worth $100 billion to revitalize domestic chipmaking and reduce reliance on Asian supply chains that Washington worries has left America vulnerable.
Over the next year, Raimondo said she expects to make as many as a dozen additional announcements — including to large advanced chipmaking facilities that cost tens of billions of dollars to build.
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