The semiconductor program is within the US Commerce Department, led by Gina Raimondo (pic). Linga will take a role within the Commerce Department to help invest more than US$50bil (RM219.4bil) and make loans as part of the CHIPS for America programme. — Bloomberg
THE Biden administration has lured away a Goldman Sachs Group Inc banker to help build a programme that will act as a quasi-investment firm to ramp up US semiconductor production amid a growing feud with China over technology leadership and security.
Srujan Linga, who’s been at the Wall Street giant for 16 years, will take a role within the Commerce Department to help invest more than US$50bil (RM219.4bil) and make loans as part of the CHIPS for America programme.
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