The Silicon Valley company will receive less money from the CHIPS Act after winning a $3 billion military contract and changing some of its investment commitments.
Category: Commerce Department
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Can Wall Street Billionaires Deliver on Trump’s Blue-Collar Promise?
The president-elect has named wealthy financiers for key economic positions, raising questions about how much they will follow through on promises to help the working class.
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Washington Curtails Intel’s Chip Grant After Company Stumbles
The Biden administration is reducing its award to the pioneering chip maker to less than $8 billion, from $8.5 billion.
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How Howard Lutnick Could Shake Up Global Trade
President-elect Donald Trump’s pick to run the Commerce Department would have a big say on American industrial policy and tariffs.
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Trump Picks Howard Lutnick for Commerce Secretary
The billionaire executive and leader of President-elect Donald J. Trump’s transition team will be charged with promoting U.S. industry and overseeing technology controls on China.
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New York State Chosen as National Center for Chip Manufacturing Research
The Biden administration will place a hub of a newly created national semiconductor technology center in upstate New York.
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The White House Bet Big on Intel. Will It Backfire?
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.
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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.