Trump Admin Launches National Security Probe Into Pharma, Semiconductor Imports
The Trump administration has launched an investigation into the effects on national security of importing semiconductors and pharmaceutical products, according to Federal Register filings on Monday.
The Commerce Department, in a pair of Federal Register notices set to be published on April 16, said that the probes were initiated under Section 232 of the Trade Expansion Act—which allows the president to impose tariffs on imports considered a threat to national security.
Trump demands Congress repeal bipartisan CHIPS Act
President Donald Trump urged lawmakers Tuesday night during his first joint address to Congress of his second term to repeal the CHIPS and Science Act.
The $280 billion bill, passed with bipartisan support and signed into law by former President Joe Biden in 2022, provided $52 billion for U.S. companies to produce computer chips that were in critical demand, as well as tens of billions more to boost semiconductor manufacturing, advance scientific research, and combat China by strengthening U.S. competitiveness.
Giant chipmaker TSMC to spend $100B to expand chip manufacturing in US, Trump announces
Chip giant Taiwan Semiconductor Manufacturing Co. plans to invest $100 billion in the United States, President Donald Trump said Monday, on top of $65 billion in investments the company had previously announced.
TSMC, the world’s biggest semiconductor manufacturer, produces chips for companies including Apple, Intel and Nvidia. The company had already begun constructing three plants in Arizona after the Biden administration offered billions in subsidies. Its first factory in Arizona has started mass production of its 4-nanometer chips.
Russia’s Military Found a Surprisingly Simple Way to Buy US Chips
Ever since the US and its allies imposed sanctions on Russia following the invasion of Ukraine, Western officials have been frustrated by Moscow’s continued ability to get its hands on American technologies to help power its war efforts. Russian weapons recovered from battlefields in the region are chock full of gear from firms like Intel Corp. and Analog Devices Inc., much to the frustration of officials in Washington, Brussels and Kyiv. The nagging question: Why are trade controls failing?
China Escalates Trade War With US By Slapping Ban On Minerals Used In Ammunition, Semiconductors
China announced Tuesday that it is banning exports to the U.S. of some metals and rare minerals which can be used in the production of semiconductors and ammunition, according to the Financial Times.
China hits back against US chip crackdown
China has banned exports to the United States of the critical minerals gallium, germanium and antimony, which have widespread military applications, escalating trade tensions the day after Washington’s latest crackdown on China’s chip sector.
The curbs, announced on Tuesday, strengthen enforcement of existing limits on critical minerals exports that Beijing began rolling out last year but apply only to the US market. It is the latest escalation of trade tensions between the world’s two largest economies before US President-elect Donald Trump takes office next month.
India-US: Modi meets top US tech leaders amid semiconductor push
Indian Prime Minister Narendra Modi has urged top tech companies in the US to explore India as a destination for manufacturing and innovation. He met CEOs of tech majors in New York a day after attending the annual meeting of Quad countries, which also includes the US, Australia and Japan. India has been positioning itself as an alternative to China to attract global firms looking at diversifying their supply chains. The country has been particularly focusing on manufacturing of semiconductors in the past few years but it still lags far...
Billions in CHIPS Act funding were supposed to help Intel in Ohio. Where’s the money?
Intel is trying to form a comeback after losing over a billion dollars in a quarter and tanking its stock, and now concerns over when it will get promised federal funding have joined the mix.
TSMC rides AI demand to raise revenue forecast, says no to US joint venture
TAIPEI, July 18 (Reuters) - Taiwan's TSMC (2330.TW), opens new tab, the world's largest contract chipmaker, raised its full-year revenue forecast on Thursday given surging demand for chips used in artificial intelligence, and rejected the idea of a joint venture factory in the United States.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) , a major Apple Inc (AAPL.O), opens new tab and Nvidia (NVDA.O), opens new tab supplier, has benefited from the global AI boom that has helped it weather the tapering off of pandemic-led electronics demand.
Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI
Elon Musk claims he can grow Tesla into “a leader in AI & robotics,” an ambition that he’s said will require a lot of pricey processors from Nvidia to build up its infrastructure.