US lawmaker to urge chip industry group to reduce China investments -source

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The chair of the U.S. House of Representatives' committee on China on Tuesday planned to meet with a semiconductor industry group to express concerns over U.S. investments in China's chip industry, according a source familiar with the matter. Representative Mike Gallagher, an influential Republican lawmaker whose select committee has pressed the Biden administration to take a tougher stance on sending U.S. technology to China, planned to meet with the Semiconductor Industry Association, which represents major chip firms such as Nvidia and Intel whose sales to China have been affected by U.S. export rules, the source said. Gallagher planned to tell the group he believes that U.S. rules enacted last October that cut off the sale of advanced artificial intelligence chips to China should be tightened to cover less advanced chips, the source said.

Gender inequities in the working world have been well-documented, with wages for the average full-time working woman sitting at 82% of what men earn. That gap extends into retirement, as the average...OTTAWA — Top executives from Canada's major grocery chains have agreed to work with the federal government on stabilizing prices, Industry Minister François-Philippe Champagne said on Monday, but few details have been divulged about how that will be achieved.

ESSEN, Germany — For most of this century, Germany racked up one economic success after another, dominating global markets for high-end products like luxury cars and industrial machinery, selling so much to the rest of the world that half the economy ran on exports. Jobs were plentiful, the government's financial coffers grew as other European countries drowned in debt, and books were written about what other countries could learn from Germany. No longer.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Canada Latest News, Canada Canada Headlines