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China To Launch Probe Into US Chip Exports Over Alleged Dumping, Subsidies
China said Thursday it would launch a probe into US exports of chips used in everything from cars to home appliances over concerns about alleged dumping and subsidies.
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TSMC to Get $4.9 Billion in Subsidies From Japan to Build Second Chip Plant
TSMC will get up to more subsidies from the government of Japan in order to help the chipmaker build a second fabrication plant in Japan. The company will receive 732 billion yen ($4.86 billion) more in subsidies from Japan. TSMC, which is also expanding in the US and Germany, plans to ramp up to mass production in Japan before the end of the year.
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"Biden Wants To Stop Him": Elon Musk's Mother After Starlink Loses Government Subsidy
After the Federal Communications Commission (FCC) declined to give Starlink nearly $900 million in subsidies, Elon Musk's mother accused US President Joe Biden of hating her son's attempts to "make this world a better place".
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Meta Says Subsidies From Big Tech Should Be Last Option for EU Telcos
Meta Platforms said on Thursday subsidies from Big Tech should be the last option for European Union telecoms operators trying to get US companies to foot some of their network cost. Deutsche Telekom, Orange, Telefonica and other operators have lobbied for two decades for US tech giants to contribute to 5G and broadband roll-out, saying they create...
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Resolution In US House Against Subsidies On Sugar By Countries Including India
Two US lawmakers have introduced a legislation in the House of Representatives against the subsidies on sugar given by several countries including India, Brazil, Russia, Mexico as well as the European Union.
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EV Manufacturer Concerns Over Subsidies to Be Discussed by US, EU Task Force Next Week
EV manufacturer worries regarding the $430 billion (roughly Rs. 35.3 lakh crore) Inflation Reduction Act that was enacted by the US in August will be discussed by a task force, comprising US and EU officials, next week. The recently passed US law is aimed at rolling back climate change and making Washington a world leader in the EV market. However,...
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EU Electric Car Makers May Soon Have Level Playing Field With US EV Manufacturers For Subsidies: Details
European Union officials are expected to reach an agreement with their US counterparts as the bloc aims to get the same status as US car makers for EV manufacturers in the EU. The US Inflation Reduction Act offers government tax breaks or subsidies for purchases of electric cars but makes such support conditional on the car, or parts of it, being m...
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SpaceX Challenges US FCC Decision to Block Rural Broadband Subsides Worth $885.5 Billion
SpaceX has challenged a decision taken by the US Federal Communications Commission (FCC) to reject subsidies for the firm under the Rural Digital Opportunity Fund, according to a report. Starlink was expected to receive $885.5 billion (roughly Rs. 70,52,400 crore) in subsidies under a multibillion-dollar program to bring Internet access to over 6.4...
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US President Joe Biden Signs Order for Implementation of CHIPS Act, Forms Council for Policy Development
US President Joe Biden signed an order to implement the CHIPS Act on Thursday. The executive order will ensure subsidy for manufacturing semiconductor chips in the US. The implementation plan worth $52.7 billion (nearly Rs. 4,21,000 crore) aims at encouraging chip manufacturing and research in the country.
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US Inflation Reduction Act Could Help Cut Chinese Battery Metals Ties: Details
The US Inflation Reduction Act (IRA) is set to be signed into law by US President Joe Biden today. The law that is designed to increase green investment, comes at a price. It extends and expands the existing electric vehicle (EV) subsidy of up to $7,500 (roughly Rs. 5,94,800) but conditions the tax credit on the sourcing of the mineral content of...
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US Rejects SpaceX's Starlink, LTD Broadband's Applications for Internet Subsidies
The US Federal Communications Commission rejected SpaceX's Starlink and LTD Broadband's applications for more than $2 billion (roughly Rs. 15,930 crore) in Internet service subsidies. In December 2020, the FCC tentatively awarded $9.2 billion (roughly Rs. 73,281 crore) to over 300 bidders to deploy high-speed broadband from the Rural Digital Opport...
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US President Joe Biden Signs Landmark CHIPS Bill to Boost Semiconductor Manufacturing, Competition With China
US President Joe Biden signed signed the CHIPS Act on Tuesday, the new legislation that provides $52.7 billion (roughly Rs. 4,19,400 crore) in subsidies for US chip production and research. The bill was also designed to boost efforts to make the US more competitive with China and motivate firms to manufacture more chips in the country.
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CHIPS Bill: US President Joe Biden to Sign Bill to Boost US Semiconductor Industry on August 9
Biden will sign a bill to subsidize the US semiconductor industry next Tuesday, in an attempt to ease the ongoign chip crisis and boost efforts to make the United States more competitive with China. The CHIPS bill provides about $52 billion (roughly Rs. 4,11,400 crore) in government subsidies for research and US production of semiconductors.
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US Says It Will Limit Size of Government Subsidy on Semiconductor Chips
The US Commerce Department has announced that it will limit the size of government subsidies for semiconductor manufacturing. The Commerce Department said that applicants must supply detailed financial information and projections for proposed projects and capital investment plans.
-
CHIPS Act Passed by US Senate to Boost Domestic Chip Manufacturing, Compete With China
The CHIPS Act was passed by the US Senate on Wednesday, with a rare bipartisan vote. The act is aimed at boosting companies in the US to compete with China, while attempting to reduce the ongoing component shortage affecting the industry. The CHIPS Act will provide for about $52 billion (roughly Rs. 4,14,754 crore) in government subsidies for US se...
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China To Launch Probe Into US Chip Exports Over Alleged Dumping, Subsidies
China said Thursday it would launch a probe into US exports of chips used in everything from cars to home appliances over concerns about alleged dumping and subsidies.
-
TSMC to Get $4.9 Billion in Subsidies From Japan to Build Second Chip Plant
TSMC will get up to more subsidies from the government of Japan in order to help the chipmaker build a second fabrication plant in Japan. The company will receive 732 billion yen ($4.86 billion) more in subsidies from Japan. TSMC, which is also expanding in the US and Germany, plans to ramp up to mass production in Japan before the end of the year.
-
"Biden Wants To Stop Him": Elon Musk's Mother After Starlink Loses Government Subsidy
After the Federal Communications Commission (FCC) declined to give Starlink nearly $900 million in subsidies, Elon Musk's mother accused US President Joe Biden of hating her son's attempts to "make this world a better place".
-
Meta Says Subsidies From Big Tech Should Be Last Option for EU Telcos
Meta Platforms said on Thursday subsidies from Big Tech should be the last option for European Union telecoms operators trying to get US companies to foot some of their network cost. Deutsche Telekom, Orange, Telefonica and other operators have lobbied for two decades for US tech giants to contribute to 5G and broadband roll-out, saying they create...
-
Resolution In US House Against Subsidies On Sugar By Countries Including India
Two US lawmakers have introduced a legislation in the House of Representatives against the subsidies on sugar given by several countries including India, Brazil, Russia, Mexico as well as the European Union.
-
EV Manufacturer Concerns Over Subsidies to Be Discussed by US, EU Task Force Next Week
EV manufacturer worries regarding the $430 billion (roughly Rs. 35.3 lakh crore) Inflation Reduction Act that was enacted by the US in August will be discussed by a task force, comprising US and EU officials, next week. The recently passed US law is aimed at rolling back climate change and making Washington a world leader in the EV market. However,...
-
EU Electric Car Makers May Soon Have Level Playing Field With US EV Manufacturers For Subsidies: Details
European Union officials are expected to reach an agreement with their US counterparts as the bloc aims to get the same status as US car makers for EV manufacturers in the EU. The US Inflation Reduction Act offers government tax breaks or subsidies for purchases of electric cars but makes such support conditional on the car, or parts of it, being m...
-
SpaceX Challenges US FCC Decision to Block Rural Broadband Subsides Worth $885.5 Billion
SpaceX has challenged a decision taken by the US Federal Communications Commission (FCC) to reject subsidies for the firm under the Rural Digital Opportunity Fund, according to a report. Starlink was expected to receive $885.5 billion (roughly Rs. 70,52,400 crore) in subsidies under a multibillion-dollar program to bring Internet access to over 6.4...
-
US President Joe Biden Signs Order for Implementation of CHIPS Act, Forms Council for Policy Development
US President Joe Biden signed an order to implement the CHIPS Act on Thursday. The executive order will ensure subsidy for manufacturing semiconductor chips in the US. The implementation plan worth $52.7 billion (nearly Rs. 4,21,000 crore) aims at encouraging chip manufacturing and research in the country.
-
US Inflation Reduction Act Could Help Cut Chinese Battery Metals Ties: Details
The US Inflation Reduction Act (IRA) is set to be signed into law by US President Joe Biden today. The law that is designed to increase green investment, comes at a price. It extends and expands the existing electric vehicle (EV) subsidy of up to $7,500 (roughly Rs. 5,94,800) but conditions the tax credit on the sourcing of the mineral content of...
-
US Rejects SpaceX's Starlink, LTD Broadband's Applications for Internet Subsidies
The US Federal Communications Commission rejected SpaceX's Starlink and LTD Broadband's applications for more than $2 billion (roughly Rs. 15,930 crore) in Internet service subsidies. In December 2020, the FCC tentatively awarded $9.2 billion (roughly Rs. 73,281 crore) to over 300 bidders to deploy high-speed broadband from the Rural Digital Opport...
-
US President Joe Biden Signs Landmark CHIPS Bill to Boost Semiconductor Manufacturing, Competition With China
US President Joe Biden signed signed the CHIPS Act on Tuesday, the new legislation that provides $52.7 billion (roughly Rs. 4,19,400 crore) in subsidies for US chip production and research. The bill was also designed to boost efforts to make the US more competitive with China and motivate firms to manufacture more chips in the country.
-
CHIPS Bill: US President Joe Biden to Sign Bill to Boost US Semiconductor Industry on August 9
Biden will sign a bill to subsidize the US semiconductor industry next Tuesday, in an attempt to ease the ongoign chip crisis and boost efforts to make the United States more competitive with China. The CHIPS bill provides about $52 billion (roughly Rs. 4,11,400 crore) in government subsidies for research and US production of semiconductors.
-
US Says It Will Limit Size of Government Subsidy on Semiconductor Chips
The US Commerce Department has announced that it will limit the size of government subsidies for semiconductor manufacturing. The Commerce Department said that applicants must supply detailed financial information and projections for proposed projects and capital investment plans.
-
CHIPS Act Passed by US Senate to Boost Domestic Chip Manufacturing, Compete With China
The CHIPS Act was passed by the US Senate on Wednesday, with a rare bipartisan vote. The act is aimed at boosting companies in the US to compete with China, while attempting to reduce the ongoing component shortage affecting the industry. The CHIPS Act will provide for about $52 billion (roughly Rs. 4,14,754 crore) in government subsidies for US se...
