WASHINGTON—The U.S. Treasury Department on Friday imposed sanctions on 22 people linked to Burma’s military regime and warned of further “increasing costs” over what it called “the military’s suppression of democracy and campaign of brutal violence against” its people. The move comes as the U.S. Commerce Department separately on Friday blacklisted four companies for what…
US Commerce Department Presses Taiwan for More Chips to Automakers
May 6, 2021
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Asia & PacificautomakersBusinessCompaniesEconomieseconomyMarketsMore ChipsTaiwanU.S. Commerce Dept.USWorld
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WASHINGTON—The U.S. Commerce Department is pressing Taiwan Semiconductor Manufacturing Co Ltd and other Taiwanese firms to prioritize the needs of U.S. automakers to ease chip shortages in the near term, Commerce Secretary Gina Raimondo said. Raimondo told a Council of the Americas event on Tuesday that longer term, increased investment was needed to produce more…
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