Commentary Congress and the Biden administration are gearing up a bloated Creating Helpful Incentives to Produce Semiconductors for America Act, but the CHIPS for America Act runs the real risk of chipping away at America’s economic freedom and competitiveness, rather than enhancing it. The Senate is scheduled this week to vote on the bill, whose…
How CHIPS for America Act Chips Away at America’s Economic Freedom
July 26, 2022
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Senate Moves to Advance $52 Billion Chips Funding Bill
July 26, 2022
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The U.S. Senate voted to advance its Chips and Science Bill on July 26, which is aimed at boosting domestic semiconductor production and improving technological competitiveness with China. The Senate voted to limit debate on the so-called “Chips and Science Bill,” in a 64-32 vote. It will now head to a vote and is likely…
Senate to Vote on Semiconductor Bill Aimed at China Competition
July 21, 2022
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News Analysis The U.S. Senate aims to pass legislation this week to boost the United States’ domestic semiconductor industry and improve competitiveness with China amid a global supply chain crisis. “We need to move quickly,” said Senate Majority Leader Chuck Schumer (D-N.Y.) on July 18. “Without these incentives from Congress, the capital investment required for…
Chinese Military Using US Semiconductors to Train Combat AI, Report Says
July 18, 2022
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The Chinese military is purchasing semiconductors designed by U.S. companies and manufactured in Taiwan and South Korea to fuel its advancements in artificial intelligence (AI), according to a new report. The People’s Liberation Army (PLA) is making “significant progress” in adapting AI to its combat and support technologies, according to the June report (pdf), which…
Chinese Military Using US Semiconductors to Train Combat AI: Report
July 18, 2022
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AIarms raceAsia & PacificChinaChina Business & EconomyFinance & Business TiesmilitaryNational SecurityPLAsemiconductorsSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaUSUS-China relationsWorld
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The Chinese military is purchasing semiconductors designed by U.S. companies and manufactured in Taiwan and South Korea to fuel its advancements in artificial intelligence (AI), according to a new report. The People’s Liberation Army (PLA) is making “significant progress” in adapting AI to its combat and support technologies, according to the June report (pdf), which…
To Defeat China, the US Must Focus on These 5 Key Sectors
Commentary In an effort to combat the threat from the Chinese regime, the U.S. National Intelligence and Security Center (NCSC) has prioritized the following five key sectors: artificial intelligence, quantum computing, biotechnology, semiconductors, and autonomous systems. According to the most recent NCSC report, these five sectors “produce technologies that may determine whether America remains the…
Stellantis Beats Profit Target in First Year After Merger
MILAN—Stellantis made a fast start in its first year after the merger of Fiat Chrysler and Peugeot maker PSA, with the world’s No.4 carmaker reporting profitability and benefits from the combination both ahead of target. The group said on Wednesday the margin on its adjusted operating profit was 11.8 percent in 2021, above its target…
Does the America COMPETES Act Really Help America Compete?
Commentary A great aspect of American democracy is that legislation text is transparent and readily available for anyone to review before representatives vote on the bill. With Congress passing the America COMPETES Act on Feb. 4 and heading to the Senate, it is worth going through the legislation and see what is actually in the…
Sony Lifts Forecast as ‘Spider-Man’ Propels Quarterly Profit
TOKYO—Japan’s Sony Group Corp raised its full-year profit forecast by 15 percent on Wednesday after posting estimate-smashing quarterly earnings, propelled by the success of “Spider-Man: No Way Home” which has become the sixth-highest grossing movie. Operating profit at its pictures business jumped by more than seven-fold to 149.4 billion yen ($1.30 billion) in its fiscal…
China Admits Its Over-Reliance on Semiconductor Imports Could Prove ‘Fatal’
News Analysis A Chinese state-run media disclosed that China’s continued reliance on chip imports could be “fatal” to its automotive industry and national economy. On Nov. 23, the state-run Xinhua News Agency reported that China’s domestically produced automotive chips are primarily used in less complex vehicle components such as body electronics, while it relies heavily…
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