The U.S. needs to dominate the next generation of the technology, a bipartisan group of lawmakers said after meeting the chief executives of Ford Motor Co. and General Motors Co. in Detroit.
June 21, 2023GovernmentBusinessTechnology
Senate Sets Up $52 Billion Semiconductor Vote
A $52 billion boost to the U.S. domestic semiconductor industry moved one step closer to reality July 26 when the Senate advanced legislation providing grants, incentives and tax breaks to the sector and set it up for final passage this week.
July 26, 2022GovernmentBusinessTechnology
Stakeholders Urge Congress to Pass CHIPS Act
The chief executives of some of the largest U.S. chip manufacturing companies urged Congress to pass legislation that includes $52 billion in incentives for their industry, calling it essential to maintaining competitiveness with China and other countries.
March 23, 2022GovernmentBusinessTechnologyEquipmentLogistics
Infrastructure Battle Puts China Chip Bill on Back Burner
A bipartisan push to make the U.S. more competitive with China and bolster domestic chip production risks falling by the wayside as Congress grapples with a packed year-end agenda in an ever-more-divided Capitol.
October 20, 2021GovernmentBusinessTechnology
Senate Democrats Ask for Taiwans Help With Chip Shortage
Three Democratic senators are asking the Taiwanese government to help the U.S. with a chip shortage that has idled auto plants and sent workers packing throughout the industry as the global economy struggles to recover from the COVID-19 pandemic.
August 19, 2021GovernmentBusinessTechnologyLogistics
China Bill to Include $52 Billion for U.S. Chip Manufacturing
The Senate will include $52 billion to bolster domestic semiconductor manufacturing in a broader bill to enhance U.S. competitiveness with China, Senate Majority Leader Chuck Schumer said.
May 18, 2021GovernmentBusinessLogistics
Biden Unlikely to Quickly Unwind China Tariffs, Democrat Ally Says
President-elect Joe Biden isnt likely to quickly unwind the tariffs President Donald Trump has imposed on Chinese imports, said Delaware Senator Chris Coons, a close ally of the incoming leader.
November 20, 2020GovernmentTechnologyEquipmentAutonomous
Pentagon Might Obtain Self-Driving Vehicles First
Forget Uber, Waymo and Tesla: The next big name in self-driving vehicles could be the Pentagon.
April 30, 2018Business
Consumer Comfort Reaches Seven-Week High on US Economic Views
Americans last week started feeling much more confident about the economy, pushing the Bloomberg News Consumer Comfort Index to a seven-week high and partly reversing an early-summer slump, figures released Aug. 3 showed.
August 3, 2017Business
Weaker Prospects for Incomes Weigh on US Consumer Sentiment
Less enthusiasm about prospects for the U.S. economy and personal finances sent consumer sentiment to a nine-month low in July, survey data from the University of Michigan showed July 28.
July 28, 2017