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Micron Gets $6.2 Billion Chips Award

The Biden administration has reached a final agreement to give Micron Corp. nearly $6.2 billion in subsidies from a program designed to boost American semiconductor manufacturing.

December 10, 2024

US Mulls Backing Brazilian Nickel Plant With Up to $550M

The U.S. government is considering whether to provide a loan of up to $550 million to help developing a nickel and cobalt mine in Brazil’s Northeast.

December 9, 2024

South Korean Companies Reconsider Plants in US Over Trump

South Korean companies are reconsidering their $54 billion investment blitz to build EV battery plants in the U.S. over concerns President-elect Donald Trump could undo tax credits for EVs.

December 9, 2024

Postal Service Head Says Aging Trucks Need Upgrades

Postmaster General Louis DeJoy said the Postal Service needs to replace aging trucks, and he wasn’t aware of an effort by the incoming presidential administration to cancel plans to buy EVs.

December 6, 2024

US Agencies Issue Guide to Thwart Cyberthreats From China

Guide recommendations will help network engineers and security personnel strengthen visibility and harden network devices against bad actors affiliated with China.

December 6, 2024

Port Operators Threaten to Halt Talks Over Automation Issue

Operators of East and Gulf Coast port terminals said they won’t continue bargaining with union dockworkers if it means giving up their right to invest in semi-automated cargo handling equipment.

December 5, 2024

EV Charging Firm Ideanomics Files for Bankruptcy

Ideanomics, which owns technology used to charge electric buses and other commercial vehicles, has filed for bankruptcy.

December 4, 2024

Germany Assumes $629M in Northvolt Debt After Insolvency

Germany will assume more than 600 million euros ($629 million) of debt that its development bank extended to Northvolt AB for the construction of a battery plant in the country.

December 2, 2024

Ex-TuSimple CEO Hou Seeks to Liquidate Company’s Assets

TuSimple co-founder and former CEO Xiaodi Hou, who claims to be the company’s largest shareholder, is also seeking judicial aid in an increasingly bitter spat with former colleague Mo Chen.

December 2, 2024