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The Latest Breaking News from Commerce

Commerce Department announces new restrictions on U.S. firearms exports

The Commerce Department is announcing new restrictions on U.S. firearms exports in an effort to prevent the guns from ending up in the hands of drug traffickers and criminals in other nations

The Independent UK

Micron gets combined $13.6 billion grant, loan for chip plants - Roll Call

Boise, Idaho-based Micron Technology will receive a $6.1 billion federal grant and $7.5 billion loan to build factories for memory chips.

Roll Call

Samsung To Receive $6.4 Billion Under CHIPS Act to Build $40 Billion Fab in Texas

Samsung Electronics this week was awarded up to $6.4 billion from the U.S. government under the CHIPS and Science Act to build its new fab complex in Taylor, Texas. This is the third major award under the act in the last month, with all three leading-edge fabs – Intel, TSMC,…

AnandTech

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Samsung gets $6.4 billion to build massive semiconductor plants in central Texas

One of the facilities Samsung is building will be the size of 11 football fields, Commerce Secretary Gina Raimondo said. The new investment will create thousands of jobs, the White House said.

WEKU

II PU results: From farmer’s daughter to hairdresser’s son, toppers in Karnataka share their tales of hard work

From a girl who travelled 20 kilometres from her village to college, to a boy who lost his father to COVID–19 and yet emerged on top, this year’s II PU toppers come with stories of determination and hard work.

The Hindu

II PUC results: Pass percentage improves but Mysuru ranks 17th among districts

Despite Mysuru being known as an education hub since historical times, it ranked 17th among the districts in the State in the II PUC examination, the results of which were announced on Wednesday.

The Hindu

US CHIPS and Science program puts R&D funding on hold — highlighting intense demand that far exceeded initial expectations

The U.S. Commerce Department halts CHIPS funding for R&D facilities.

Tom’s Hardware

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Biden Administration Invests .6 Billion In U.S. Semiconductor Manufacturing

Biden administration commits .6 billion to TSMC for chip production in Arizona, boosting U.S. semiconductor manufacturing and creating jobs.

Top News

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International Business Times

US Probes Security Risks Posed By Chinese Tech In Cars

US President Joe Biden announced an investigation Thursday into the national security risks posed by Chinese tech in cars, warning they could be used to collect sensitive data.

International Business Times

US Can House 'Entire' Supply Chain For Advanced Chips: Commerce Dept

US Commerce Secretary Gina Raimondo expressed confidence Monday that the country can house the entire silicon supply chain for making advanced chips, including tech that is key for artificial intelligence.

Reason

If Semiconductor Chip Demand Is High, Why Do We Need More Subsidies?

Commerce Secretary Gina Raimondo says more chip subsidies are needed, even before the Biden administration has distributed $52 billion or measured how effective that spending was.

AnandTech

The Intel IFS Direct Connect 2024 Keynote (Starts at 8:30am PT/16:30 UTC)

This morning, Intel is set to provide updates on its foundry business (IFS) and process roadmap at its IFS Direct Connect event in Santa Clara. Intel is expected to unveil plans for how the company will transform the foundry industry and how it is set to become the world's first…

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Tom’s Hardware

The U.S. government will distribute $500 million from the CHIPS Act to fund R&D for packaging technology and a research institute

The Department of Commerce is signaling that it intends to distribute at least $500 million of CHIPS Act cash.

Dynamite News

DGFT to discuss trade regime of dual-use goods, software and technology on Jan 30

The DGFT, Department of Commerce in partnership with the MEA and other government agencies is organising the NCSTC scheduled for January 30, 2024. Read further on Dynamite News:

The Hindu

Govt. working on SEZ reforms: Commerce Secretary Barthwal

The Centre is working on SEZ reforms to ensure smooth movement of goods without affecting competitiveness in export markets.

Windows Central

Russian hacker group breaches email accounts of top Microsoft executives to seek information about ... itself

Microsoft recently discovered that Nobelium, the same group behind the infamous SolarWinds attack, managed to compromise its security and gain access to email accounts belonging to some of its top executives.

TV Tech

CES: U.S. Senators, FCC Commissioners and Other Officials to Headline Policy Discussions in Vegas

FCC Commissioners Brendan Carr and Anna Gomez will be among those speaking

Roll Call

DeGette in line for key Democratic spot on health panel - Roll Call

Colorado's Diane DeGette in 2025 could land the top Democratic spot on the Energy and Commerce Health Subcommittee.

WEKU

The U.S. supports China's growth if it 'plays by the rules,' commerce secretary says

China's president says success for the U.S. and China can be mutually beneficial. U.S. Commerce Secretary Gina Raimondo says that the reality is a bit more complicated than that.

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