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The Latest Breaking News from Commerce

US Commerce Secretary says if China seized TSMC it would be 'absolutely devastating' to the US economy, as it buys 92% of its cutting-edge chips from the Taiwanese manufacturer

As Chinese relations with Taiwan remain strained, the US continues to reinforce the importance of chip manufacturing on home soil.

PC Gamer

Tesla Removes Most Job Posts In North America After ‘Hardcore’ Layoffs

We also discuss Tesla's hiring freeze, the potential ban of Chinese connected cars in the U.S. and Ford rethinking its plan to go all-electric in Europe by 2030.

InsideEVs

78.69% of Plus Two students qualify for higher studies

78.69% of students eligible for higher studies after Plus Two exams, with 39,242 A+ grades and 105 perfect scores.

The Hindu

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read the most diverse news in one place.

Commerce Department Implements Stricter Rules On U.S. Firearms Exports

Learn about the Commerce Department's new restrictions on U.S. firearms exports to prevent misuse and enhance national security.

Top News

Commerce Department announces new restrictions on U.S. firearms exports

The Commerce Department is announcing new restrictions on U.S. firearms exports in an effort to prevent the guns from ending up in the hands of drug traffickers and criminals in other nations

The Independent UK

Micron gets combined $13.6 billion grant, loan for chip plants - Roll Call

Boise, Idaho-based Micron Technology will receive a $6.1 billion federal grant and $7.5 billion loan to build factories for memory chips.

Roll Call

Samsung To Receive $6.4 Billion Under CHIPS Act to Build $40 Billion Fab in Texas

Samsung Electronics this week was awarded up to $6.4 billion from the U.S. government under the CHIPS and Science Act to build its new fab complex in Taylor, Texas. This is the third major award under the act in the last month, with all three leading-edge fabs – Intel, TSMC,…

AnandTech

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Samsung gets $6.4 billion to build massive semiconductor plants in central Texas

One of the facilities Samsung is building will be the size of 11 football fields, Commerce Secretary Gina Raimondo said. The new investment will create thousands of jobs, the White House said.

WEKU

II PU results: From farmer’s daughter to hairdresser’s son, toppers in Karnataka share their tales of hard work

From a girl who travelled 20 kilometres from her village to college, to a boy who lost his father to COVID–19 and yet emerged on top, this year’s II PU toppers come with stories of determination and hard work.

The Hindu

II PUC results: Pass percentage improves but Mysuru ranks 17th among districts

Despite Mysuru being known as an education hub since historical times, it ranked 17th among the districts in the State in the II PUC examination, the results of which were announced on Wednesday.

The Hindu

US CHIPS and Science program puts R&D funding on hold — highlighting intense demand that far exceeded initial expectations

The U.S. Commerce Department halts CHIPS funding for R&D facilities.

Tom’s Hardware

Biden Administration Invests .6 Billion In U.S. Semiconductor Manufacturing

Biden administration commits .6 billion to TSMC for chip production in Arizona, boosting U.S. semiconductor manufacturing and creating jobs.

Top News

Little-known NTIA takes on massive job of internet connectivity - Roll Call

The National Telecommunications and Information Administration has a goal of giving all Americans access to high-speed internet.

Roll Call

Microsoft Criticized For Security Failures In Chinese Cyberattack

Biden-appointed review board criticizes Microsoft for security lapses allowing Chinese cyber breach of U.S. officials' email accounts.

Top News

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AnandTech

Intel to Receive $8.5B in CHIPS Act Funding & Further Loans To Build US Fabs

Intel and the United States Department of Commerce announced on Wednesday that they had inked a preliminary agreement under which Intel will receive $8.5 billion in direct funding under the CHIPS and Science Act. Furthermore, Intel is being made eligible for $11 billion in low-interest loans under the same law,…

The Hindu

India signs free trade pact with 4 European countries

India-EFTA free trade agreement: India and EFTA sign free trade agreement to boost investments and trade, creating opportunities for economic growth and collaboration.

The Hindu

Despite hectic discussions, WTO MC13 ends with no deals on fisheries, agriculture

WTO ministerial conference in Abu Dhabi ends without decision on key issues, extends e-commerce trade moratorium for 2 years.

Top News

Biden Administration Investigates National Security Risks Of Chinese Smart Cars

Biden administration investigates Chinese 'smart cars' for national security risks, focusing on data privacy and cybersecurity concerns.

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International Business Times

US Probes Security Risks Posed By Chinese Tech In Cars

US President Joe Biden announced an investigation Thursday into the national security risks posed by Chinese tech in cars, warning they could be used to collect sensitive data.

International Business Times

US Can House 'Entire' Supply Chain For Advanced Chips: Commerce Dept

US Commerce Secretary Gina Raimondo expressed confidence Monday that the country can house the entire silicon supply chain for making advanced chips, including tech that is key for artificial intelligence.

Reason

If Semiconductor Chip Demand Is High, Why Do We Need More Subsidies?

Commerce Secretary Gina Raimondo says more chip subsidies are needed, even before the Biden administration has distributed $52 billion or measured how effective that spending was.

AnandTech

The Intel IFS Direct Connect 2024 Keynote (Starts at 8:30am PT/16:30 UTC)

This morning, Intel is set to provide updates on its foundry business (IFS) and process roadmap at its IFS Direct Connect event in Santa Clara. Intel is expected to unveil plans for how the company will transform the foundry industry and how it is set to become the world's first…

Tom’s Hardware

The U.S. government will distribute $500 million from the CHIPS Act to fund R&D for packaging technology and a research institute

The Department of Commerce is signaling that it intends to distribute at least $500 million of CHIPS Act cash.

Dynamite News

DGFT to discuss trade regime of dual-use goods, software and technology on Jan 30

The DGFT, Department of Commerce in partnership with the MEA and other government agencies is organising the NCSTC scheduled for January 30, 2024. Read further on Dynamite News:

The Hindu

Govt. working on SEZ reforms: Commerce Secretary Barthwal

The Centre is working on SEZ reforms to ensure smooth movement of goods without affecting competitiveness in export markets.

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