President Biden signs the CHIPS Act to increase semiconductor output.
Summary by NewsWall Apr 25 23
- President Joe Biden has signed the CHIPS and Science Act into law, following successful votes in the Senate and House of Representatives.
- "America invented the semiconductor, but over the years we let manufacturing of semiconductors move overseas."
- "As we saw during the pandemic, when the factories that make these chips shut down, the global economy came to a halt, driving up family costs," Biden said ahead of the ceremony.
- The CHIPS and Science Act is unlikely to have an immediate impact on domestic output.
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| Last Updated | Aug 10 22 |
| Total Articles | 26 |
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WATCH: Biden signs CHIPS and Science Act to stimulate U.S. semiconductor production
pbs.org/newshour/politics/watch-live-biden-signs-chips-and-science-act-to-stimulate-u-s-semiconductor-production
Biden signs chips and science bill into law: President Biden signed into law on Tuesday bipartisan legislation to provide billions of dollars in incentives to ...
thehill.com/policy/technology/3580234-biden-signs-chips-and-science-bill-into-law/
Biden signs semiconductor bill as businesses boost investment: President Biden signed a bill that seeks to boost manufacturing of semiconductors and reduce the U ...
latimes.com/politics/story/2022-08-09/biden-hot-streak-semiconductor-bill
Biden signs bill to boost U.S. chips, compete with China: President Joe Biden on Tuesday signed a landmark bill to provide $52.7 billion in subsidies for U.S ...
reuters.com/technology/biden-sign-bill-boost-us-chips-compete-with-china-2022-08-09/
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Biden signs CHIPS Act into law to boost domestic chip production: President Joe Biden on Tuesday signed the CHIPS and Science Act into law, a bill that aims ...
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english.alarabiya.net/News/world/2022/08/09/Biden-signs-bill-to-boost-US-chips-compete-with-China
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It’s official: US chipmakers will receive billions in grants and tax breaks: The CHIPS and Science Act authorizes subsidies up to $200 billion over 10 years.
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President Biden signs CHIPS and Science Act into law: American semiconductor manufacturing is back, baby!
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bloomberg.com/news/articles/2024-04-12/meloni-seeks-china-reset-after-italy-ditches-belt-and-road-pact
Paid articlePaid Librarians fear new penalties, even prison, as activists challenge books: Across the country, book bans and attempted bans have soared to the highest levels in ...
apnews.com/article/book-bans-libraries-lawsuits-fines-prison-0914fa6cbb2a99b540cbbd28a38179b4
Biden’s message to Arizonans after abortion ruling: ‘Elect me’: President Biden encouraged residents of Arizona to vote for his reelection Wednesday in response ...
thehill.com/homenews/campaign/4585912-biden-message-to-arizonans-after-abortion-ruling/
Quick Glance: Arizona Republicans Block Efforts to Repeal 1864 Abortion Ban
- Democratic bills to repeal a 160-year-old abortion ban were blocked in the Legislature.
- Arizona's highest court decision upholding a 1864 abortion ban caused chaos and confusion.
- Democrats aimed to repeal the ban to protect women's health, facing hurdles in the Republican-controlled legislature.
- The uncertainty loomed over whether Republican leaders would allow immediate action on repealing the ban, despite pressure from Democrats and some Republicans.
US trade chief calls for 'decisive' action to shield EV sector from China: The U.S. must take "decisive" action to protect electric vehicles (EVs) from ...
reuters.com/business/autos-transportation/ustr-tai-calls-decisive-action-shield-ev-sector-china-2024-04-17/
US navy flies aircraft through the Taiwan Strait a day after US-China defense chiefs hold rare talks
apnews.com/article/us-china-taiwan-strait-flight-ea835c8b35b63a50b5354a5dc9280116
Letitia James Celebrates Two Wins in One Week: James reached an agreement with Stephen Affatato and his company, Affa Organics, after he destroyed parts of the ...
newsweek.com/letitia-james-celebrates-2-wins-one-week-1889853
Philippines says it won't give US access to more local military bases: The Philippine president says his administration has no plan to give the U.S ...
apnews.com/article/philippines-us-military-china-marcos-a89fc14bdef820b83d4a18adb557b487
Quick Glance: Philippines Rejects US Access to More Military Bases
- President Ferdinand Marcos Jr. allowed US access to four more Philippine military bases, bringing the total to nine.
- The Biden administration is strengthening alliances in the region to counter China, aligning with Philippine efforts to enhance external defense.
- Marcos emphasizes that the presence of US troops is in response to China's aggressive actions in the South China Sea.
- China accuses the Philippines of providing the US with bases that could undermine its security.
ASML Q1 bookings miss forecast, but China sales hold up: ASML , the largest supplier of equipment to computer chip makers, reported weaker than expected ...
reuters.com/technology/asml-reports-q1-earnings-13-billion-worse-than-expected-new-bookings-2024-04-17/
Boomers Bought Up the Big Homes. Now They’re Not Budging.: Many empty-nesters are staying put rather than downsizing, keeping housing inventory tight in a market ...
on.wsj.com/3Uf2nl0
The politics of younger voters are less exceptional than they used to be: Polls continue to show that President Biden retains an advantage with voters under 30 ...
washingtonpost.com/politics/2024/04/18/biden-younger-voters-polling/
US Faces Pushback by Netherlands, Japan on More China Chip Export Bans: US attempts to press the Netherlands and Japan into further curbing Chinese access to ...
bloomberg.com/news/articles/2024-04-12/us-faces-pushback-on-more-china-chip-curbs-as-election-nears
Paid articlePaid Manuel Rocha, a former US ambassador, sentenced to 15 years for serving as secret agent for Cuba
apnews.com/article/manuel-rocha-spy-cuba-guilty-plea-8fd30500f4588129a195daaf2d720c13
Quick Glance: Former US Ambassador Sentenced for Spying for Cuba
- Former US ambassador Manuel Rocha was sentenced to 15 years in prison after admitting to working as a secret agent for Cuba for decades.
- Rocha accepted the penalty and paid a $500,000 fine after pleading guilty to acting on behalf of a foreign government.
- The swift criminal case avoided a trial that would have revealed the extent of Rocha's assistance to Cuba while working for the US State Department for twenty years.
- The sophistication of Cuban intelligence services was highlighted as Rocha's double-crossing went undetected for years, demonstrating his secret meetings with Cuban operatives and provision of false information to US officials.
Biden urged to ban China-made electric vehicles from the US: Senate Banking Committee chair called Chinese EVs an "existential threat" to the US motor industry.
bbc.com/news/articles/cyerg64dn97o
After 100 Years, Lake Tahoe Is Seeing An Old Friend: The Sandhill Crane: Sandhill cranes are returning to the Lake Tahoe basin after a century long hiatus in ...
laist.com/news/climate-environment/lake-tahoe-sandhill-cranes-return
Why the South China Sea Fuels US-China Tensions: For decades, the US has guaranteed freedom of navigation in Asia’s waters, patrolling the seas with a view to ...
bloomberg.com/news/articles/2024-04-09/why-the-south-china-sea-fuels-us-china-tensions
Paid articlePaid What the Upper-Middle-Class Left Doesn’t Get About Inflation: Liberal politicians and economists don’t seem to recognize the everyday harms of rising costs.
theatlantic.com/ideas/archive/2024/04/inflation-democrats-biden-interest-rates/678047/
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
US and China defence ministers in first significant contact since 2022: Pentagon says Lloyd Austin stressed importance of freedom of navigation in call with Dong ...
ft.com/content/f52fd4de-6490-47a9-bd54-30bf6354b9c2
Colbert’s ‘Late Show’ to air live from Chicago during Democratic convention: Comedian Stephen Colbert’s “The Late Show” is headed to Chicago for the Democratic ...
thehill.com/blogs/in-the-know/4603541-colberts-late-show-to-air-live-from-chicago-during-democratic-convention/
Biden gets pushback over telling Israel to avoid counterattack on Iran: John Bolton said President Biden is an "embarrassment to the United States" for ...
axios.com/2024/04/14/biden-israel-iran-congress-white-house-strikes
Herzog: Israel not ‘seeking war’ with Iran, but attack ‘has to be met accordingly’
thehill.com/policy/international/4593638-herzog-israel-not-seeking-war-with-iran-but-attack-has-to-be-met-accordingly/
Quick Glance: The Night Iran's Missile Show Rattled Israel
- In Tehran, 'Operation True Promise' launched an unprecedented aerial assault on Israel.
- The direct clash between powerful militaries showcased Israel's defense and Iran's display of power.
- Despite minor damages and injuries, the question remains whether this attack signifies further escalation or the start of a war.
- The missile and drone strikes resulted in minimal damage, with Israel and allies successfully intercepting most projectiles.
A near-total ban on abortion has supercharged the political dynamics of Arizona, a key swing state
apnews.com/article/abortion-arizona-biden-trump-presidential-election-11fe3cecb65d2365192273ebac2e9ed1
Quick Glance: Arizona GOP outlines alternative abortion strategy
- Republican state legislators in Arizona are considering alternative ballot measures in response to a court ruling upholding a strict abortion ban.
- The GOP's strategy document plans to provide voters with alternatives to the Arizona for Abortion Access ballot measure.
- Republicans aim to constitutionalize existing laws to discuss abortion policy.
- The document outlines various scenarios, including 'Phase 1' and 'Phase 2' options for lawmakers.
Biden’s handling of Gaza shakes his support in the Black community: Some Black activists want voters to reject Biden over his Gaza policy. Others see Trump as a ...
washingtonpost.com/politics/2024/04/17/black-activists-gaza-palestinians/
China-Taiwan conflict: Taiwan's government district recreated in China's desert: China regularly threatens to invade the island state of Taiwan ...
nzz.ch/visuals/satellitenbild-der-woche-uebt-china-in-der-wueste-die-eroberung-taiwans-ld.1825558
Exclusive: China's CNOOC stockpiles Russian oil at new reserve base, traders, tanker trackers say
reuters.com/business/energy/chinas-cnooc-stockpiles-russian-oil-new-reserve-base-traders-tanker-trackers-say-2024-04-15/
This one problem is why Democrats must replace Biden at the convention: Biden is seen as yesterday’s news to far-left and young liberal voters.
thehill.com/opinion/campaign/4591632-this-one-problem-is-why-democrats-must-replace-biden-at-the-convention/
Biden warns of ‘extreme voices’ targeting Black Americans at National Action Network Convention
thehill.com/homenews/administration/4590831-biden-extreme-voices-targeting-black-americans-national-action-network-convention/
Schindler reaffirms 2024 sales target, but warns of weakness in China: Lift and escalator maker Schindler reiterated its full-year revenue guidance for low ...
reuters.com/business/schindler-posts-q1-order-intake-slightly-above-expectations-2024-04-18/
Biden Cancels Another $7.4 Billion in Student Debt: President Biden today announced another $7.4 billion in federal student loan relief. Around 277 ...
democracynow.org/2024/4/12/headlines/biden_cancels_another_74_billion_in_student_debt
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