Raimondo Pledges Chips Money for Training That Boosts Diversity

President Joe Biden’s Commerce chief pledged to use part of the $52 billion package that Congress is weighing for the American semiconductor industry to invest in training that helps diversify what’s a notoriously male-dominated workforce.

The proposed chips investment will create tens of thousands of jobs in a sector where only 10% of workers are women and 4% are Black, Secretary Gina Raimondo said at Bloomberg’s Equality Summit. She pledged to put part of the proposed funding to work in apprenticeships and job training in partnership with businesses.

WATCH: U.S. Commerce Secretary Gina Raimondo speaks with Bloomberg’s Jenny Leonard at the Bloomberg Equality Summit.

Source: Bloomberg

The investment is “a massive opportunity to make sure that ...