Gina Raimondo News

20.03 / 12:23

UPS Manufacturing security awards President 2020 Intel rises as Biden administration awards it $20 billion in grants and loans

The Biden administration, in a push to enhance semiconductor production in the United States, has provisionally agreed to grant Intel (NASDAQ:INTC) up to $8.5 billion in funding through the CHIPS Act.

20.03 / 11:57

UPS Provident Manufacturing Election President reports Department Biden to tout government investing $8.5 billion in Intel's computer chip plants in four states

The Biden administration has reached an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants in Arizona, Ohio, New Mexico and Oregon

12.03 / 22:47

markets UPS Assurant Trade Department Philippines says US will address concerns over garment exports held up on suspicion of forced labor

Philippine trade officials say they have received assurances that the United States will address their concerns after American authorities held up shipments of garments on suspicion that cotton was produced by forced labor in China’s Xinjiang region

12.03 / 05:25

Manufacturing Trade President Department International US is constantly assessing expansion of export controls on chips that could boost China's military

The U.S. commerce secretary says Washington is constantly assessing the need to expand export controls to stop China from acquiring advanced computer chips and manufacturing equipment that can be used to boost its military

11.03 / 19:11

UPS Manufacturing Sustainability WhatsApp President US assessing expansion of chip controls to counter China's military growth

export controls to stop China from acquiring advanced computer chips and manufacturing equipment that could be used to boost its military, US commerce secretary Gina Raimondo said Monday. «Technology is changing faster than ever, which means we have to wake up every day and ask ourselves, 'are we doing enough?' My job is to protect the American people and to make sure there are no sophisticated technology that we have, that China doesn't have, that they can't access it and use it to enable the Chinese military,» Raimondo said. The U.S. would continue to sell semiconductors worth billions of dollars to China, Raimondo said.

07.03 / 22:21

COST Reuters Manufacturing security Trade Investigations Hike tariffs on Chinese EVs, Senate Democrats urge Biden administration

By David Shepardson

29.02 / 13:55

markets security information gatherings Features Investigations Biden administration will investigate national security risks posed by Chinese-made 'smart cars'

The Biden administration will investigate potential national security risks posed by Chinese-made “smart cars” that can gather sensitive information about Americans driving them

29.02 / 10:25

markets Action security country reports Department Investigations US says to investigate national security data risks from Chinese vehicles

national security risks and could impose restrictions due to concerns about «connected» car technology. The U.S. Commerce Department probe is because Chinese assembled smart vehicles could collect sensitive data about U.S. citizens and infrastructure and send the data to China, the White House said.

26.02 / 17:37

UPS Reuters Manufacturing CEO awards Department Chips companies will be lucky to get half of subsidies sought, US Commerce Secretary says

By David Shepardson

21.02 / 23:28

Google Gemini Research President Experts innovations reports White House wades into debate on 'open' versus 'closed' artificial intelligence systems

The Biden administration is wading into a contentious debate about whether the most powerful artificial intelligence systems should be “open-source” or closed

19.02 / 13:37

Provident Manufacturing economy awards Research wellness country Biden admin providing $1.5 billion to GlobalFoundries to make computer chips in New York and Vermont

The Biden administration says that the government would provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont

19.02 / 10:11

Manufacturing CEO security awards President reports Department US awards $1.5 billion to GlobalFoundries for domestic semiconductor production

By Doina Chiacu

17.02 / 01:03

markets UPS Waves Manufacturing awards reports Department US considering more than $10 billion in subsidies for Intel

Intel Corp, Bloomberg News reported on Friday, citing people familiar with the matter. Negotiations are underway, and Intel's award package will likely include both loans and direct grants, according to the report.

11.02 / 09:13

Target security economy Research Coronavirus pandemic gatherings Biden administration announces $5 billion commitment for research and development of computer chips

The Biden administration is announcing an investment of $5 billion in a public-private consortium aimed at supporting research and development in advanced computer chips

09.02 / 20:10

Provident Manufacturing Landmark awards Research innovations Schools White House touts $11 billion US semiconductor R&D programme

Congress in August 2022 approved the landmark Chips and Science Act. The law provides $52.7 billion, including $39 billion in subsidies for semiconductor production and $11 billion research and development. It also creates a 25% investment tax credit for building chip plants, estimated to be worth $24 billion.

27.01 / 13:17

COST Manufacturing awards WSJ President reports US to announce billions in subsidies for advanced chips

semiconductor companies including Intel, and Taiwan Semiconductor Manufacturing Co in the coming weeks to help build new factories in the United States, the Wall Street Journal reported on Saturday. The forthcoming announcements are aimed at kick-starting manufacturing of advanced semiconductors that power smartphones, artificial intelligence and weapons systems, the WSJ reported, citing industry executives familiar with the negotiations.

26.01 / 09:59

UPS Cooper CEO economy Trade country International U.S. and China are working to make the business environment less volatile, Beijing says

BEIJING — China and the U.S. are working toward creating a more stable and predictable environment for businesses, Chinese Commerce Minister Wang Wentao said Friday.

24.01 / 16:11

Reuters wellness voice Department rights Senator Warren, other Democrats ask Commerce to extend gun export pause, increase oversight - letter

By Mike Stone

16.01 / 12:01

CEO economy Election President rock Relationships NOT Trump is a 'transactional president' but may not rock the boat on China, Standard Chartered CEO says

Former U.S. President Donald Trump would be a «transactional president» if he returns to power, but is unlikely to blow up the Biden administration's rebuilding of relations with China, according to Standard Chartered CEO Bill Winters.

11.01 / 10:25

Manufacturing Remark cover Department Investigations China says the U.S. has 'weaponized' chip export controls

BEIJING — China's Ministry of Commerce said Thursday the U.S. is weaponizing export controls and using them as a tool.

28.12 / 15:16

Provident Cooper Aware economy country shock India to sign clean, fair economy deal under Indo-Pacific economic framework

NEW DELHI : India is expected to sign a much-awaited deal on two more pillars of the US-led Indo-Pacific Economic Framework—clean economy and fair economy—early next year, two officials aware of the matter said. India’s law ministry is currently vetting proposals for IPEF’s clean economy and fair economy pillars, following which the commerce ministry will move for cabinet approval, the officials said. “Both the pillars are very important for the country.

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