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U.S. developing plans to spend $52 billion on chips supply -Commerce Department

FILE PHOTO: U.S. Secretary of Commerce Gina Raimondo speaks during an infrastructure event at the White House in Washington, U.S.

WASHINGTON (Reuters) - The Biden administration is developing plans to quickly spend $52 billion to deal with semiconductor supply issues if Congress passes a bill funding such efforts, U.S. Commerce Secretary Gina Raimondo said on Thursday.

(Reporting by Jeff Mason and Trevor Hunnicutt)