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Biden-Harris Administration Launches $1.5 Billion Innovation Fund to Develop a More Competitive and Diverse Telecommunications Supply Chain

April 12, 2023

Washington, D.C. – Today, U.S. Secretary of Commerce Gina M. Raimondo announced the formal launch of the Public Wireless Supply Chain Innovation Fund, which will invest $1.5 billion in the development of open and interoperable networks. Funded by the CHIPS and Science Act of 2022, this historic investment is part of the Biden-Harris Administration’s Investing in America agenda, aiming to drive wireless innovation, foster competition, and strengthen supply chain resilience.

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