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WASHINGTON/TAIPEI -- Buttressed by a U.S. federal grant of $6.6 billion, Taiwan Semiconductor Manufacturing Co. has agreed to increase its U.S. investment by more than 60% to over $65 billion and produce the world's most advanced 2-nanometer chips on American soil.
TSMC's Arizona subsidiary is set to receive up to $6.6 billion in U.S. government funding under a preliminary agreement announced by the Joe Biden administration on Monday.
- The United States and Britain on Monday announced a new partnership on the science of artificial intelligence safety, amid growing concerns about upcoming next-generation versions.
China has filed a complaint to the World Trade Organization (WTO) after the United States excluded buyers who purchased electric vehicles (EVs) with Chinese batteries from its subsidy scheme.
WASHINGTON/TAIPEI -- Intel will receive up to $8.5 billion in grants and $11 billion in loans from the U.S. government to produce cutting-edge semiconductors in the biggest deployment of funds under the CHIPS and Science Act.
The White House said Intel has been awarded up to $8.5 billion in CHIPS Act funding, as the Biden administration ramps up its effort to bring semiconductor manufacturing to U.S. soil.
BANGKOK (AP) — U.S. Commerce Secretary Gina Raimondo on Thursday praised the progress made by the 14 countries in the Indo-Pacific Economic Framework for Prosperity after the group held a ministerial meeting Thursday to discuss proposed guidelines for regional commerce.
Chinese electric cars can one day drive on U.S. roads if there are enough government controls on software and sensors, U.S. Commerce Secretary Gina Raimondo told CNBC's Eunice Yoon in an exclusive interview Tuesday.