WASHINGTON—The U.S. Commerce Department said Tuesday a global survey of semiconductor chip producers and users shows a shortage will persist, sparked primarily by wafer production capacity constraints. The voluntary survey of 150 companies last fall in the supply chain confirmed, “there is a significant, persistent mismatch in supply and demand for chips, and respondents did…
US Commerce Department Says Chips Shortage to Persist, Will Review Some Pricing
January 25, 2022
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White House Meets US Chamber of Commerce, Other Industry Groups on Vaccine Rule
October 16, 2021
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WASHINGTON—Several influential industry groups, including the U.S. Chamber of Commerce, met White House officials on Friday and raised concerns about labor shortages and coronavirus testing requirements as the administration races to implement a plan to require private-sector workers to be vaccinated against COVID-19. The Office of Management & Budget (OMB) conducted the meetings virtually, with…
Senator Cotton Delays Vote on Biden’s Pick for Powerful China Job at Commerce
October 16, 2021
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WASHINGTON—Republican Senator Tom Cotton is holding up a vote to confirm Alan Estevez as the U.S. Commerce Department’s undersecretary for industry and security until he gets answers to difficult questions about technology exports to China. In a letter dated Oct. 14 and seen by Reuters, Cotton asks Estevez to commit to strengthening U.S. restrictions on…
US Commerce Secretary Says No Denying Supply Chain Is a Problem
October 8, 2021
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WASHINGTON—U.S. Secretary of Commerce Gina Raimondo said on Friday that incremental improvements could be seen regarding supply chain disruptions but that the impact would continue into next year. “There’s a lot of work left to do,” Raimondo said on CNBC. “We’re making slow improvement. But there’s no denying that it’s a problem. I think we’re…
US Commerce Chief: More Action To Be Taken on Huawei if Needed
September 24, 2021
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WASHINGTON—U.S. Commerce Secretary Gina Raimondo said on Thursday the Biden administration will take further action against Chinese telecoms firm Huawei if necessary, after some Republican lawmakers pressed for more steps. Washington says Huawei is a national security threat on a variety of grounds and aggressively lobbied other countries not to use Huawei equipment in next-generation…
Dave Hyde: Mayweather vs. Paul Is the Intersection of Sports, Commerce and a Fraternity Prank
By Dave Hyde From South Florida Sun-Sentinel FORT LAUDERDALE, Fla.—As a sporting event, it’s the equivalent of “Beach Blanket Bingo,” a fraternity prank of a boxing match between a carbon-aging champ and a social influencer whose athletic apex was high school wrestling and football. But as a window to a segment of society, as an…
China in Focus (March 9): 90-Year-Old Justice Seeker Detained by Chinese Police
A 90-year-old in China is detained by police. She’s been fighting for her rights for more than a decade, after her home was torn down by authorities. Some of China’s richest are now behind bars. That’s after they were recruited by the Chinese Communist Party, and got a little too involved in its internal power…
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