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U.S. Commerce to ask companies seeking chips funding to provide childcare for employees The U.S. Commerce Department said on Monday it plans to ask companies seeking at least $150 million in funding from a $52 billion semiconductor law to submit a plan for how they will provide affordable childcare for their workers. The Biden administration unsuccessfully sought $200 billion in funding for universal pre-kindergarten and other childcare programs in a bid to boost economic growth by paying child and home healthcare workers better, and freeing up unpaid caregivers to go to paying jobs. Commerce cited data that a lack of affordable and accessible childcare "is one of the largest constraints keeping Americans - and especially women" - out of the labor workforce in making the case that companies getting chips funding should show how they will provide affordable childcare. read more