Chip Companies, Wary of Break With China, Seek Looser Limits on Federal Cash

Last year’s Chips Act seeks to end the U.S.’s reliance on foreign-made semiconductors, especially those used by the Pentagon. It is the latest example of the federal government using its cash to remake an industry it sees as crucial to national security.

WASHINGTON—Businesses are pressing the federal government to ease conditions on aid for the semiconductor industry, warning that proposed limits on a grant program and tax credit will make it harder for U.S. companies to compete with their Chinese counterparts and develop new technology.Continue reading your article with

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk’s brain chip company Neuralink gets FDA approval: What to knowNeuralink said it has regulatory approval to conduct a clinical trial of its brain implants in people, a milestone for the company as it seeks to commercialize a device that will link human brains to computers.
Source: washingtonpost - 🏆 95. / 72 Read more »

Potential SAG-AFTRA strike scaring off companies that insure moviesThe potential SAG-AFTRA strike is very scary for the companies that insure film productions
Source: TheAVClub - 🏆 340. / 59 Read more »

Virgin Orbit shuts down after selling key assets to 3 aerospace companiesThe company was known for its air-launch system.
Source: SPACEdotcom - 🏆 92. / 67 Read more »

8 Companies Warning Their Employees to Stay Away From ChatGPTApple, Amazon, Wells Fargo, and others have instructed their employees to keep sensitive data out of ChatGPT—or even restricted it entirely.
Source: Gizmodo - 🏆 556. / 51 Read more »