A plan to revive U.S. chip manufacturing rests partly on a company that is firing workers and delaying factories, even as the government pushes for the opposite.
Category: Commerce Department
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U.S. Economy Had Stronger Rebound From Pandemic, G.D.P. Data Shows
Updated figures show that gross domestic product, adjusted for inflation, grew faster in 2021, 2022 and early 2023 than previously reported.
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Biden Administration Proposes Ban on Chinese Software in Vehicles
Federal officials acknowledged that few Chinese vehicles were on U.S. roads now, but said that the administration wanted to take proactive measures to strengthen national security.
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U.S. Awards $1.6 Billion to Texas Instruments to Build Semiconductor Plants
The funding stems from the bipartisan CHIPS Act, which aims to bolster the production of critical semiconductors in the United States.
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Hunter Biden Sought State Department Help for Burisma
After President Biden dropped his re-election bid, his administration released records showing that while he was vice president, his son solicited U.S. government assistance.
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U.S. Vies With Allies and Industry to Tighten China Tech Controls
The Biden administration must navigate the interests of U.S. companies and allied governments as it tries to close off China’s access to advanced chips
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World’s Five Leading Chipmakers Have Now Promised U.S. Investment
The announcement of CHIPS Act funding for a plant in Indiana means the United States will have attracted investment from the world’s top chipmakers.
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$504 Million
The total in federal grants to create a dozen “tech hubs” in regions beyond Silicon Valley and the coasts.
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PCE Inflation, the Fed’s Preferred Gauge, Remained Flat in April
The Federal Reserve has been waiting for firmer evidence that rapid price increases are behind it.