U.S.

New U.S. Curbs on Sales of Nvidia AI Chips to China Spark Selloff

New restrictions on exports of cutting-edge chips from Nvidia Corp to China have signaled an escalation of the U.S. crackdown on Beijing’s technological prowess and alarmed investors already worried about an industry downturn. Shares of Nvidia fell 11 percent to $133.46 on Thursday, wiping out more than $40 billion in market value and dragging the […]

Republican Rubio Slams U.S. Approval of Chip Deal with China Ties

Republican Senator Marco Rubio on Monday blasted U.S. regulatory approval of a bid by chip intellectual property company Alphawave to purchase U.S.-based OpenFive, over alleged national security risks posed by the buyer’s ties to China’s Wise Road Capital. On Friday, the Toronto and London-based Alphawave, which licenses its technology to chipmakers, said it had received […]

Meta's Facebook Agrees to Settle Data Privacy Lawsuit

Meta Platforms Inc’s Facebook has in-principle agreed to settle a lawsuit in the San Francisco federal court seeking damages for letting third parties including Cambridge Analytica access the private data of users, a court filing showed. The financial terms were not disclosed in the filing on Friday that asked the judge to put the class […]

Biden Signs Order on $52 Billion Chips Law Implementation

President Joe Biden on Thursday signed an executive order on implementation of the $52.7 billion semiconductor chips manufacturing subsidy and research law, the White House said. Earlier this month, Biden signed the bill to boost efforts to make the United States more competitive with China’s science and technology efforts. By subsidizing U.S. chip manufacturing and […]

U.S. Lawmakers Unveil Bill to Help News Media Negotiate with Google, Facebook

A bipartisan group of U.S. lawmakers on Monday released a revised version of a bill aimed at making it easier for news organizations to negotiate collectively with platforms like Google and Facebook. The Journalism Competition and Preservation Act “removes legal obstacles to news organizations’ ability to negotiate collectively and secure fair terms from gatekeeper platforms […]

Taiwan Touts 'Democracy Chips' in Meeting with U.S. State Governor

Taiwan wants to ensure its partners have reliable supplies of semiconductors, or “democracy chips”, President Tsai Ing-wen told the governor of the U.S. state of Indiana on Monday, saying China’s threats mean fellow democracies have to cooperate. Governor Eric Holcomb is making the third trip to Taiwan this month by a U.S. delegation after U.S. […]

S.Korea to Attend Preliminary Meeting of U.S.-Led Chipmaker Group

South Korea is expected to attend a preliminary meeting for a U.S.-led chipmaker group of major microchip manufacturers including Taiwan and Japan, South Korea’s foreign minister said on Thursday. Seoul’s participation in the preliminary meeting for the so-called “Chip 4” group could heighten the stakes for South Korea as it seeks to navigate the contest […]

Boeing, Northrop to Join White House-backed Advanced Manufacturing Program

Boeing Co and Northrop Grumman are joining a White House-backed compact to help smaller U.S.-based suppliers increase the use of 3D printing and other advanced manufacturing technologies. The voluntary program, unveiled by President Joe Biden in May, seeks to boost suppliers’ use of additive manufacturing (AM). Driven by 3D printing, the technology allows complex shapes […]