Biden signs CHIPS and Science Act to boost US chip production
The CHIPS and Science Act aims to help the US better compete with China.
President Joe Biden this week signed a landmark bill to provide $52.7 billion in subsidies for U.S. semiconductor production and research, according to reporting in Reuters. The bill is supposed to boost efforts to make the... Read more
The US drops tariff threat over global tax agreement
The United States withdrew its threat of tariffs against five European countries over their digital services taxes, as part of a deal to manage the transition to a new global tax policy for large corporations. Austria, France, Britain, Spain, and Italy will get to enforce their digital taxes until ... Read more
Nokia suspends O-RAN work for fear of US punishments
Nokia suspended its work in a notable industry group because of fears that it could be liable for US penalties for working with blacklisted Chinese firms.
Nokia informed a group called O-RAN Alliance that it has no choice but to suspend all technical work activities in the group due to a complia... Read more
The U.S. government has granted Intel licenses to supply Huawei
Intel now has licenses from U.S. authorities to continue providing some of its products to Huawei Technologies. This announcement was made by an Intel spokesman on Tuesday. U.S-China ties are at their worst for the first time in decades.
Washington has been pushing governments the world over to ... Read more
United States is considering export ban on chips
The United States wants to impose restrictions on the export of chips, lasers, sensors and other innovating technology. By doing so, it wants to prevent the technology from falling into the hands of China. The U.S. Commerce Department would certainly like to see measures put in place for this as fa... Read more