US ‘Pressured’ Mexico to Reel Back China EV-Maker Incentives

asiafinancial.com Mexico is reportedly holding off offering Chinese automakers incentives to ship its vehicles into the country because of pressure from the US. The central American country’s…

U.S. and UK issue new sanctions on Iran in response to weekend attack on Israel amid escalating tensions

pbs.org The U.S. and U.K. on Thursday imposed a new round of sanctions on Iran as concern grows that Tehran’s unprecedented attack on Israel could fuel a wider war in the Middle…

US to reduce licensing by 80% for UK, Australia to boost AUKUS

aol.com The U.S. Commerce Department plans to scale back export control requirements for Australia and the United Kingdom to foster defense trade under the three countries' AUKUS…

Memory chip maker Micron set to receive $6.1-billion in grants from U.S

theglobeandmail.com Memory chip maker Micron Technology MU-Q is set to receive $6.1-billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects, Senator…

UPDATE 3-TSMC expects Q2 sales to jump on 'insatiable' AI demand

finance.yahoo.com Forecasts 2024 revenue to rise in low- to mid-20% range in USD Stock price has surged on chip demand for AI applications TSMC, the world's largest chipmaker and a major…

TSMC Posts 9% Profit Rise Amid ‘Insatiable’ AI Chip Demand

asiafinancial.com The world’s largest chipmaker, Taiwan Semiconductor Manufacturing Co (TSMC), posted a 9% rise in net profit on Thursday, and has forecast a jump of up to 30% in…

Futures rise as chip stocks bounce back after sell-off

finance.yahoo.com Futures for the S&P 500 and the Nasdaq gained on Thursday as some chip stocks recouped losses after a sell-off, while investors awaited Federal Reserve policymakers' stance…

Micron set to get $6 billion in chip grants from US, Bloomberg reports

aol.com Memory chip maker Micron Technology is set to get more than $6 billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects, Bloomberg…

Uncle Sam earmarks $54M of CHIPS funding for small-biz semiconductor boffinry

theregister.com Small businesses wishing they could get their hands on some of those billions of dollars in semiconductor funding being doled out as part of America's CHIPS Act are in luck,…

Americans are savings less these days. Here’s why and what that means

cnn.com Americans haven’t been stashing money into their savings accounts like they used to, according to government statistics. That’s part of the reason why consumer spending has…

Samsung snags $6.4B in CHIPS Act funds for Texas fabs

theregister.com Samsung is the latest chipmaker to benefit from CHIPS and Science Act funds, with the US Commerce Department today announcing the Korean megacorporation is getting $6.4…

Americans are saving less these days. Here’s why and what that means

aol.com Americans haven’t been stashing money into their savings accounts like they used to, according to government statistics. That’s part of the reason why consumer spending has…

US Lawmakers’ Fury Over Huawei’s Intel AI Chip-Powered Laptop

asiafinancial.com Chinese tech giant Huawei’s unveiling of its new MateBook X Pro laptop has left US Republican lawmakers fuming after it was revealed to be powered by an Intel AI chip. The…

‘Ban Chinese Electric Vehicles From The US’: Senator

asiafinancial.com US President Jo Biden has been urged to ban all Chinese-made vehicles from US roads, amid claims they are an “existential threat to the American auto industry”. The chair of…

Salmon fishing banned off the California coast for the second year in a row

siliconvalley.com In a major setback for California’s beleaguered fishing industry and the latest reminder of the state’s long-running battles over water supplies, all commercial and…

This Semiconductor Stock Called Underappreciated Play On U.S. Chip Reshoring

investors.com shares surged on Tuesday after a Wall Street analyst said the company is an "underappreciated" play on efforts to bring semiconductor manufacturing back to the U.S. Amkor…

Fedspeak, TSM's new high, HSBC disposal

investing.com Investing.com -- Federal Reserve speakers continue to voice their opinions over potential interest rate cuts ahead of the release of key inflation data. Taiwan Semiconductor…

US stock futures just higher; cautious trading before inflation, earnings

investing.com Investing.com-- U.S. stock index futures were slightly higher Tuesday, tracking a muted close on Wall Street amid nervous anticipation of key inflation data and the…

Semiconductor Stocks Arm, TSMC Advance On Positive News

investors.com Arm and Micron received price-target hikes from an investment bank, while TSMC scored U.S. government funding to build domestic chip factories. KeyBanc Capital Markets…

Semiconductor Stocks Arm, Micron, TSMC Advance On Positive News

investors.com Arm and Micron received price-target hikes from an investment bank, while TSMC scored U.S. government funding to build domestic chip factories. KeyBanc Capital Markets…

US to award TSMC $6.6B in grants, $5B in loans to step up chip manufacturing in Arizona

techcrunch.com The U.S. Commerce Department said on Monday that it has signed an agreement to award Taiwan Semiconductor Manufacturing (TSMC) $6.6 billion in direct funding under the CHIPS…

TSMC Wins Billions in US Aid After Deal on 3rd New Arizona Fab

asiafinancial.com The world’s leading chip producer TSMC – Taiwan Semiconductor Manufacturing Company – has won billions of dollars in grants and low-cost loans to set up a facility that will…

Futures subdued as bond yields rise

aol.com Futures tracking Wall Street's main indexes were largely muted on Monday after Treasury yields rose on rising bets that the U.S. Federal Reserve could delay interest-rate…

Futures muted as bond yields rise

finance.yahoo.com A screen displays the Dow Jones Industrial Average after the close of trading for the day on the floor at the NYSE in New York (Reuters) - U.S. stock index futures were flat…

TSMC wins $6.6-billion U.S. subsidy for chip production in Arizona

theglobeandmail.com The U.S. Commerce Department said on Monday it would award Taiwan Semiconductor Manufacturing Co’s (TSMC) U.S. unit a $6.6-billion subsidy for advanced semiconductor…

TSMC will build one of world's most advanced chips plants in Phoenix

axios.com The Taiwan Semiconductor Manufacturing Company (TSMC) will build a third plant and begin production of the world's most advanced semiconductors in Phoenix by the end of the…

Yellen Warns China on ‘Excess Production, Unfair Trade’

asiafinancial.com On her first day of a week-long visit to China, US Treasury Secretary was focused on trade tensions in meetings in Guangzhou with American business people and local…

Yellen says global concerns growing over China’s excess industrial capacity

theglobeandmail.com U.S. Treasury Secretary Janet Yellen said on Friday that concerns are growing over the global economic fallout from China’s excess manufacturing capacity, making the issue…