Mexico working with North America to boost manufacturing
... obrador -- 2022 -- 01 -- 20. Our plan is to win back manufacturing capacity from Asia to North America , and you will learn more about it. He said that it did not just apply to Mexico , to all of North America . Lopez Obrador has sent a bill to Congress that would strengthen state control of the power market at the cost of private companies, which has caused alarm among major investors in Mexico , and upsets many of the country's diplomatic allies. The president said that he plans to change the constitution to favor the ...
Updated: 01/21/2022
Biden, Japanese PM begin online summit on economic, security
... Korea , China and economic issues in the Indo-Pacific . North Korea fired tactic guided missiles this week in its latest of a series of missiles and warned on Thursday it might reconsider a moratorium on nuclear and missile tests. The White House stated that the leaders would discuss economic and security matters, emerging technology, cybersecurity, climate change, and other bilateral issues. A Japan government official said that the summit will initiate a new two-plus- two dialogue that will ...
Updated: 01/21/2022
Intel to invest $20 billion in new chip-making facility in Ohio
... shortage should be fixed this year, although supply gaps could persist into 2023, Gelsinger said. The US and European governments are designing massive subsidy packages to reduce the risk of future supply-chain disruptions on their domestic industries. Congress is working to pass legislation to support chip-company investments in the U.S. The legislation needs to make its way through the House, as the U.S. Senate approved $52 billion in funding last year to support semiconductor research and production....
Updated: 01/21/2022
House, campaign office of Rep. Cuellar raided in Azerbaijan probe
... focus of the grand jury or when and where it is meeting. It is not known whether Cuellar is a target of the grand jury or whether he is being investigated for criminal wrongdoing. Cuellar, 66, a lawyer, is a former customs broker and Texas secretary of state. Cuellar, who was first elected to the House in 2004, sits on the powerful Appropriations Committee and was recently a co-chair of the Congressional Azerbaijan Caucus.
Updated: 01/21/2022
Intel to invest $20 billion in Ohio semiconductor factory
... shortage. Intel and Italy are working on investments that are expected to be worth around 8 billion euros $9 billion to build an advanced semiconductor packaging plant, according to a report late last year. The Biden administration is making a push to get Congress to approve $52 billion in funding to increase chip production in the United States . The Senate voted 68 -- 32 for chips funding as part of a broader competitiveness bill, but it has been stalled in the House. Nancy Pelosi , the House Speaker, hopes to go to a conference soon on the chips funding measure. Intel plans to build ...
Updated: 01/21/2022
U.S. to start talks with UK over steel and aluminum tariffs
... Pennsylvania, March 9, 2018 in the U.S. Reuters A worker cuts a piece from a steel coil at the Novolipetsk Steel PAO steel mill in Farrell , Pennsylvania , March 9, 2018 in the U.S. REUTERS Aaron Josefczyk The countries said on Wednesday that the United States and Britain will start talks aimed at resolving their trade dispute over U.S. steel and aluminum tariffs. There is no specific date or time given for the talks but discussions will address global steel and aluminum excess capacity, including the ...
Updated: 01/21/2022
Google reports 27% higher lobbying spending in 2021
... spent $2.2 million on lobbying. Google 's lobbying spend dipped in 2020 as it restructured its government relations teams. The biggest technology companies, including Inc., Facebook FB.O and Apple Inc. AAPL.O, have been under pressure from Congress over allegations that they abused their market power. A long list of bills have been introduced aimed at reining them in, but none have become law. One of the bills, which would stop platforms from giving preference to their own businesses, passed ...
Updated: 01/21/2022
Intel to invest $20 billion in Ohio semiconductors plant
... before the end of the year that would hold eight chip factories. He told the Washington Post that the complex could cost $100 billion over a decade and eventually employ 10,000. Gelsinger is driving Intel 's expansion, especially in Europe and the United States , as it seeks to increase competition with global rivals and respond to a worldwide microchip shortage. Intel and Italy are working on investments that are expected to be worth around 8 billion euro $9 billion to build an advanced semiconductor ...
Updated: 01/21/2022
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