New US Rules Threaten Chip Exports to China, Spark Share Drop
The latest U.S. effort to restrict chip exports to China from Nvidia Corp. and Advanced Micro Devices Inc. sparked concern that escalating government actions could cut off some of the semiconductor industry’s biggest companies from the largest market for their products.
Biden Signs Order to Fast-Track CHIPS Law Implementation
President Joe Biden signed an executive order Aug. 25 to fast-track implementation of a law aimed at boosting domestic semiconductor manufacturing and helping the U.S. compete with China’s dominance in the industry.
Biden Administration Lowers Deficit Forecast by $400 Billion
WASHINGTON — The Biden administration is forecasting that this year’s budget deficit will be nearly $400 billion lower than it estimated back in March, due in part to stronger than expected revenues, reduced spending and an economy that has recovered all of the jobs lost during the multiyear pandemic.
Wanted: 7,000 Construction Workers for Intel Chip Plants
JOHNSTOWN, Ohio — Ohio’s largest-ever economic development project comes with a big employment challenge: how to find 7,000 construction workers in an already booming building environment when there’s also a national shortage of people working in the trades.
Micron’s Warning Adds to Evidence of Collapsing Demand for Chips
Micron Technology Inc., the leading U.S. maker of memory semiconductors, became the latest chipmaker to declare that demand is falling off rapidly. It warned investors that revenue won’t meet projections, sending industry stocks tumbling.
Congress Approves Semiconductor, Supply Chain Bill
Legislation to boost domestic semiconductor manufacturing while improving freight access along the nation’s supply chains was sent to President Joe Biden’s desk July 28.
Chipmakers Get $52 Billion in Senate Bill to Boost Domestic Output
The Senate on July 27 passed legislation that includes $52 billion in grants and incentives for U.S. semiconductor manufacturing, an industry that has steadily lost ground to foreign competitors in recent years.
Senate Sets Up $52 Billion Semiconductor Vote
A $52 billion boost to the U.S. domestic semiconductor industry moved one step closer to reality July 26 when the Senate advanced legislation providing grants, incentives and tax breaks to the sector and set it up for final passage this week.
Semiconductor Bill Unites Sanders, the Right — in Opposition
WASHINGTON — A bill to boost semiconductor production in the United States has managed to do nearly the unthinkable — unite the democratic socialist Sen. Bernie Sanders and the fiscally conservative right.
Manufacturing CEOs Want to Bring More Chip Production to US
Bringing more semiconductor production to the U.S. could help counter the global chip shortage, a survey by the Association of Equipment Manufacturers showed.