WASHINGTON—The Biden administration on Tuesday named a team of senior advisers to oversee $52.7 billion in government funding to boost semiconductor manufacturing and research. Commerce Department chief economist Aaron “Ronnie” Chatterji will serve as White House Coordinator for CHIPS Implementation at the National Economic Council (NEC) and will manage the work of the CHIPS Implementation…
Biden and Intel Are ‘Faking It Until They Make It’ on Reshoring Chip Fabs
Commentary Intel, the American technology company that’s “Intel inside” so many American computers, is “planning” to build a new chip fab in Ohio. It would be great news for the state—and for America—if we could believe that it will really happen. As President Joe Biden said, we need to bring strategic industries, including semiconductors, back…
Commerce Department Signs Deal With Google to Develop Chips for Researchers
WASHINGTON—The Commerce Department said it reached a cooperative research and development agreement with Alphabet Inc.’s Google to produce chips that researchers can use to develop new nanotechnology and semiconductor devices. The deal was signed between the Commerce Department’s National Institute of Standards and Technology (NIST) and Google. The chips will be manufactured by semiconductor company…
Biden Admin Bars Construction of ‘Advanced’ Semiconductor Factories in China for 10 Years
September 7, 2022
admin
ChinaChina Business & EconomychipsFinance & Business TiesInternational RelationsNational SecurityPolicies & ImpactssemiconductorsSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaUSUS-China relations
0 Comment
The Biden administration announced this week that technology companies that receive funds from the $280 billion CHIPS and Science Act will be barred from building advanced facilities in China for a period of 10 years. Secretary of Commerce Gina Raimondo announced the rule during a Sep. 6 press conference, framing the rule as an important…
US Approves Thousands of Tech Export Requests to China; Latin America Is a Key Card for China
August 18, 2022
admin
blacklistCCPChinaChina Insiderchipsdavid zhangEpochTVEurope-China RelationsGlobal ExpansionInfiltrating the WestInternational Relationsjoseph humireLatin AmericaRussiasemiconductorsmicSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinatsmicUS-ChinaUS-China relations
0 Comment
China is getting all the U.S. tech, and the Commerce Department is apparently helping. A new report suggests Commerce is approving requests to export tech to China. What does this mean for the U.S.-China tech war? And is the U.S. government serious about stopping China’s tech transfer and IP Theft? We discuss this amid the…
Honda Raises Annual Profit Forecast After Beating Quarterly View
TOKYO—Japan’s Honda Motor Co. raised the outlook for its full-year operating profit on Wednesday thanks to weaker yen, but warned against over-optimism as it saw the chips shortage continuing and was concerned about an economic slowdown. The mixed view from Honda reflected sentiment held widely among Japanese carmakers that although demand is strong and recovery…
Nissan’s Profits Plunge on COVID-19 Lockdown, Chips Crunch
TOKYO—Japanese automaker Nissan’s profit plunged in the last quarter to less than half of what it was a year earlier as the COVID-19 lockdown in China and a global semiconductor shortage slammed production. Nissan Motor Co. reported Thursday that its April–June net profit totaled 47.1 billion yen ($349 million), down from 114.5 billion yen in…
House Passes $280 Billion CHIPS Act Without China Provision, Sending Bill to Biden’s Desk
July 28, 2022
admin
ChinaChina Business & EconomychipscongressDemocratshouseNational SecurityPolicies & ImpactsPoliticsRepublicanssemiconductorstechnologyUSUS-China relationsWorld
0 Comment
The U.S. House of Representatives passed the CHIPS and Science Act on July 28, allocating funding for a bill now nearly two years old. The new legislation, which is now headed to President Joe Biden’s desk for signing, will allocate $250 billion in subsidies, tax breaks, and research grants to prop up the domestic semiconductor…
House Passes $280 Billion CHIPS Act Without China Provision, Sending Legislation to Biden’s Desk
July 28, 2022
admin
ChinaChina Business & EconomychipscongressDemocratshouseNational SecurityPolicies & ImpactsPoliticsRepublicanssemiconductorstechnologyUSUS-China relationsWorld
0 Comment
The U.S. House of Representatives passed the CHIPS and Science Act on July 28, allocating funding for a measure now nearly two years old. The new legislation, which is now headed to President Joe Biden’s desk for signing, will allocate $250 billion in subsidies, tax breaks, and research grants to prop up the domestic semiconductor…
House Passes $280 Billion CHIPS Act Without China Provision, Sends Legislation to Biden’s Desk
July 28, 2022
admin
ChinaChina Business & EconomychipscongressDemocratshouseNational SecurityPolicies & ImpactsPoliticsRepublicanssemiconductorstechnologyUSUS-China relationsWorld
0 Comment
The U.S. House of Representatives passed the CHIPS and Science Act on July 28, allocating funding for a measure that’s now nearly two years old. The new legislation, which now heads to President Joe Biden’s desk for signing, will allocate $250 billion in subsidies, tax breaks, and research grants to prop up the domestic semiconductor…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`