Republican lawmakers are in a furor after a U.S. government body approved the sale of intellectual property (IP) related to semiconductors to a company in China. The Committee on Foreign Investment in the United States (CFIUS), which reviews national security implications of foreign investments in U.S. companies and operations, approved the sale of U.S.-based semiconductor…
Rubio: Biden Administration ‘Failing’ to Block Semiconductor IP Sales to China
August 30, 2022
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Biden Signs Executive Order; Creates Steering Council to Administer $280 Billion CHIPS Act
August 25, 2022
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President Joe Biden signed an executive order on Aug. 25 to direct the implementation of the $280 billion CHIPS Act, designed to boost domestic manufacturing and research related to semiconductors. The order will start the flow of cash to companies like Intel, which will now begin to build fabrication sites in the United States. “The…
Biden Signs $280 Billion Semiconductor Bill
August 9, 2022
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President Joe Biden signed the CHIPS and Science Act on Aug. 9, allocating a $280 billion funding package toward boosting domestic semiconductor manufacturing and various research endeavors. “The CHIPS and Science Act will boost American semiconductor research, development, and production, ensuring U.S. leadership in the technology that forms the foundation of everything from automobiles to…
Hit by Rising Costs and Supply Snarls, Toyota Profit Tumbles 42 Percent
TOKYO—Toyota Motor Corp’s profit slumped a worse-than-expected 42 percent in its first quarter as the Japanese automaker was squeezed between supply constraints and rising costs. Operating profit for the three months ended June 30 sank to 578.66 billion yen ($4.3 billion) from 997.4 billion yen in the same period a year ago, Toyota said on…
US to Bolster Cooperation With Japan in Semiconductors, Economic Security
The United States and Japan vowed on Friday to bolster cooperation in promoting economic security and building supply chain resilience in response to challenges posed by China and the Russia-Ukraine war. Top officials from both countries met in Washington for the inaugural “two-plus-two” talks, during which they unveiled a plan to launch a new joint…
House Passes Senate GOP Bill to Fast-Track New US Semi-Conductor Factories
July 29, 2022
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A Republican senator’s bill designed to speed up official approvals for building new U.S. semi-conductor factories that was approved in January by the Senate is now headed to President Joe Biden for signature after passage Friday by the House of Representatives. The House vote was 303 to 89 to approve the unusually short, less than one…
House Passes $280 Billion CHIPS Act Without China Provision, Sending Bill to Biden’s Desk
July 28, 2022
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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
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ChinaChina Business & EconomychipscongressDemocratshouseNational SecurityPolicies & ImpactsPoliticsRepublicanssemiconductorstechnologyUSUS-China relationsWorld
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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
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ChinaChina Business & EconomychipscongressDemocratshouseNational SecurityPolicies & ImpactsPoliticsRepublicanssemiconductorstechnologyUSUS-China relationsWorld
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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 Senate Passes $280 Billion Chips Act for Domestic Semiconductors
July 27, 2022
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The U.S. Senate passed its controversial chips and science bill on July 27. The bill will now go to the House and, should it pass there, to President Joe Biden’s desk for signature. The mammoth bill, which passed 64-33, will provide some $280 billion in funding to prop up and kickstart domestic semiconductor manufacturing and…
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