Commerce official addresses ‘strategic industrial policy’ challenges

The Commerce Department is facing a slew of critical issues as it crafts policies aimed at addressing gaps in strategic supply chains such as how to allocate funds for domestic manufacturing incentives like those that could soon fund the Creating Helpful Incentives to Produce Semiconductors in America Act, according to a senior Commerce official. Sree Ramaswamy, a senior adviser to Commerce Secretary Gina Raimondo, on Tuesday outlined many of the questions the administration is grappling with as it attempts to...