ZTE Corp., the Chinese telecom equipment maker, will go back to U.S. federal court March 14 to face a new accusation it may have violated its probation from its 2017 guilty plea for illegally shipping U.S. technology to Iran. The possible violation relates to an alleged conspiracy to commit visa fraud, according to a March […]
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The sweeping restrictions imposed on Russia to block its access to global exports of goods from chips to computers and electronics are likely to accelerate China’s own push for self-reliance in the semiconductor industry, analysts said. Following Russia’s invasion of Ukraine on Thursday, Washington – as part of a package of measures – announced export […]
The U.S. House of Representatives passed on Friday the $300 billion America COMPETES Act directed at supporting technological investments to compete with rivals in its semiconductor manufacturing. The Act will deliver extensive subsidies for manufacturing and research, all while improving the pre-existing U.S. trade policy as the country stands in a manufacturing face-off with China’s […]
The U.S. House of Representatives was expected to pass on Friday a multibillion-dollar bill aimed at increasing American competitiveness with China and boosting U.S. semiconductor manufacturing, despite Republican opposition. The Democratic-majority House is expected to back the “Competes Act” largely along party lines. Passage would send the measure for negotiations with the Senate on a […]
Following Washington’s decision to ban China Unicom from providing service in the U.S., Beijing has condemned the move as baseless, vowing to protect its operations’ “legitimate rights and interests” in the U.S. market. The U.S. Federal Communications Commission (FCC) made a bold move to revoke the Chinese-backed telco’s license, prohibiting it from delivering further services […]
The largest U.S. labor organization said Monday it strongly supported a U.S. House of Representatives bill designed to improve competition with China, boost U.S. semiconductor production and reform key trade provisions. The AFL-CIO trade federation representing 12.5 million workers said in a letter to lawmakers the bill’s $52 billion for chips is critical to “addressing […]
The Biden administration plans to spare everyday Russians from the brunt of U.S. export controls if Russia invades Ukraine, and focus on targeting industrial sectors, a White House official said. “Key people” will also face “massive sanctions,” a top Commerce official said in a separate speech on Friday. The comments narrow the scope of potential […]
The U.S. House of Representatives will soon introduce a bill to increase U.S. competitiveness with China and boost federal spending on semiconductors, Speaker Nancy Pelosi said on Friday as the Biden administration seeks to boost domestic chip production. “The House will soon introduce its competitiveness bill,” she said in a note to Democratic colleagues. The […]
In an email sent to the then U.S.- Treasury Secretary Steven Mnuchin in 2018, former President Donald Trump’s son-in-law Jared Kushner showed interest in the possibility of releasing a federal cryptocurrency. According to the Freedom of Information Act request by CoinDesk, Kushner was studying the possibility of having a group of experts “brainstorm” to the right governmental parties the […]
After COVID-19 pandemic took over, the world was never the same, and the same goes for the existential dilemma the world is facing when it comes to greenhouse gas emissions; despite President Joe Biden’s climate pledges, the U.S. is drifting from reaching its climate goals. A preliminary analysis by research firm, Rhodium Group, uncovered that the world’s largest […]