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.
Category: Commerce Department
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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.
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Inflation Remains Steady, With Signs of Further Cooling
The Federal Reserve has been waiting for firmer evidence that rapid price increases are behind it.
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GDP Gain in First Quarter Revised Downward in U.S.
Consumers eased up on spending in the face of rising prices and high interest rates, Commerce Department data shows.
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U.S. Awards $120 Million to Polar Semiconductor to Expand Chip Facility
The grant is the latest federal award in a series stemming from the CHIPS and Science Act meant to ramp up domestic production of vital semiconductors.
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Billions in Chips Grants Are Expected to Fuel Industry Growth, Report Finds
The United States will triple its domestic chip manufacturing capacity by 2032, the largest increase in the world, according to a report from the Semiconductor Industry Association.
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U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown
Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of the year.