US Picks Team to Oversee $52.7 Billion in Semiconductor Funding

U.S. Secretary of Commerce Gina Raimondo speaks about semiconductor chips subsidies during a press briefing at the White House in Washington on Sept. 6, 2022. Kevin Lamarque/Reuters

WASHINGTON—The Biden administration on Tuesday named a team of senior advisers to oversee $52.7 billion in government funding to boost semiconductor manufacturing and research.

Commerce Department chief economist Aaron “Ronnie” Chatterji will serve as White House Coordinator for CHIPS Implementation at the National Economic Council (NEC) and will manage the work of the CHIPS Implementation Steering Council created by President Biden’s chips executive order signed last month.