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The Latest Breaking News from Gina Raimondo

US attacks China's Quantum research, spy balloons by adding 37 companies to ban list — Entity List aggressively targets potential military applications

The US government has broken its record for most Chinese entities on the Entity List at once, with quantum research in China and elsewhere receiving fresh new sanctions and blockades.

Tom’s Hardware

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

Chip Giant TSMC's April Revenue Jumps 60% On-year

Taiwanese chip giant TSMC said on Friday that April revenue jumped nearly 60 percent on-year, riding a huge wave of demand for the advanced semiconductors used in AI hardware.

International Business Times

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Federal department chief has dire warning on China electric cars

"Extreme action" against companies like BYD is possible, said U.S. Commerce Secretary Gina Raimondo.

The Street

China seizing TSMC would be 'devastating' for U.S. economy, Commerce Secretary says

If China captures Taiwan and TSMC, this will be a major blow for U.S.-based companies and economy, which is why U.S. invests in its own semiconductor production, says Gina Raimondo.

Tom’s Hardware

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

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

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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

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

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 Commits $6.6 Billion To TSMC's Arizona Expansion

Biden's announcement of up to $6.6 billion to TSMC's Arizona subsidiary signals a significant step toward bolstering domestic semiconductor production.

International Business Times

TSMC to make state-of-the-art chips in US after multibillion subsidy pledge

World’s most valuable chipmaker Taiwan Semiconductor to set up third facility in Arizona using funding from Biden policy

The Guardian - UK

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

As promised, the US gov has whacked another GPU mole headed for China with new limits cooked up to kill the RTX 4090D

It's not quite "the very next day" but the revised US government sanctions are set to bite even Nvidia's gimped RTX 4090D.

PC Gamer

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Top News

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.

TechRadar

US and UK sign deal to partner on AI research

Collaboration on AI safety by US and UK hopes to boost regulation.

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,…

Latin Times

Biden Administration Commits Nearly $20 Billion to Boost U.S. Semiconductor Industry with Intel

Under the CHIPS Act, the Department of Commerce brokered 8.5 billion in direct funding and 11 billion in loans to reinforce Intel's footprint in the country

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International Business Times

Is Biden's $8.5B Chip Pact With Intel A Game-Changer for American Tech?

The Biden administration commits $8.5 billion to bolster domestic semiconductor manufacturing, aiming to reduce reliance on Chinese suppliers.

WEKU

Biden is giving Intel $8.5 billion for big semiconductor projects in 4 states

President Biden was in the battleground state of Arizona to make the biggest announcement yet in his plan to bring semiconductor manufacturing back to America.

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.

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…

TechRadar

Top tech firms sign up for new White House AI safety consortium

More than 200 have already signed up to be part of a consortium to develop and deploy safe and responsible AI in the US.

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