Last August, President Joe Biden signed the Chips and Science (or CHIPS) Act into law, promising over $50 billion to domestic semiconductor manufacturers to boost domestic production and “counter China.” Pivotal in drafting and negotiating on behalf of the law was Sen. Mark Kelly (D-Ariz.), who beat out Republican candidate Blake Masters in the 2022…
Lawmakers Tout Effect of CHIPs Act in US Competition with China
May 5, 2023
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Oregon Governor Signs CHIPS Bill to Help Boost Industrial Developments
April 18, 2023
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Gov. Tina Kotek signed the Oregon CHIPS Act into law on April 13 after the bill was approved by state legislators, which would allow the governor to authorize funds in rural regions of Oregon for industrial developments. “This bill is an absolutely essential tool for leading a coordinated effort with the private sector to ensure we can…
China Seeking to Dominate Fourth Industrial Revolution: Expert
March 28, 2023
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China is striving to dominate the Fourth Industrial revolution, according to David Goldman, Spengler columnist for Asia Times and PJ Media. Although the concept of a science, data, and technology-driven “Fourth Industrial Revolution” first stemmed from the World Economic Forum in 2015, it has since been adopted by the Chinese Communist Party. “From the mechanization…
LIVE NOW: NTD Business (Feb. 28): SCOTUS Hears Arguments on Student Debt Plan; Microsoft Windows 11 Offers AI-Powered Bing
The U.S. Supreme Court hears oral arguments on President Biden’s student loan forgiveness program. A number conservative justices seem in favor of sinking the program. How big of a chance does the program have? The Biden administration is giving semiconductor chipmakers $40 billion in subsidies. Applicants have to participate in Democrat policy objectives, like providing childcare…
NTD Business (Feb. 28): SCOTUS Hears Arguments on Student Debt Plan; Microsoft Windows 11 Offers AI-Powered Bing
The U.S. Supreme Court hears oral arguments on President Joe Biden’s student loan forgiveness program. A number of conservative justices seem in favor of sinking the program. How big of a chance does the program have? The Biden administration is giving semiconductor chipmakers $40 billion in subsidies. Applicants have to participate in Democrat policy objectives, like…
US–China Strategic Rivalry Escalates Over Chips, Foreign Businesses Caution Investing in China
September 24, 2022
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The United States has ramped up efforts to deny China access to advanced semiconductors and chipmaking technologies, thus, escalating the U.S.–China strategic competition. Following the passage of the U.S. CHIPS Act, on Sept. 6, the U.S. Department of Commerce released its “Strategy for the CHIPS for America Fund” (pdf), a $50 billion investment to catalyze…
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 $280B Semiconductor Bill; Court Rules House Can Obtain Trump’s Taxes | NTD Business
President Joe Biden signs a semiconductor bill worth hundreds of billions of dollars into law. Will it help level the playing field with China? An appeals court approves Democrat efforts to obtain former President Donald Trump’s taxes, a day after the FBI raided his home. Amazon is buying the maker of Roomba vacuums, sparking privacy concerns…
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…
James Carafano: Inconsistent Policy Messaging on Pelosi’s Taiwan Visit and CHIPS Act
August 1, 2022
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House Speaker Nancy Pelosi is expected to visit Taiwan. At the same time, Chinese threats and military activities ramp up in the region. We sat down with national security expert James Carafano to analyze the core problem of Pelosi’s Asia trip. He says the White House and Pelosi are not on the same page. Meanwhile,…
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