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On Monday, when U.S. Secretary of Commerce Gina Raimondo was in Texas to tour a new Samsung semiconductor plant being built with financial support from the CHIPS Act, the CEO of the South Korean conglomerate’s chip division pulled the Commerce Secretary aside to show her where the building would be that houses on-campus child care and an on-campus job training center. Recalling the encounter in an interview with CNBC’s Sara Eisen at CNBC’s inaugural Changemakers Summit in New York City on Thursday, Raimondo said the Samsung executive added, “That’s what we do in Korea, and we know its works, and of course we will do it here.”
The interaction had a back story. The U.S. government tied CHIPs Act funding, worth billions to companies, to plans to provide access to child-care services to employees. That didn’t go over well with all lawmakers.
“Certain politicians on Capitol Hill didn’t like my …
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