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The Latest Breaking News from Gina Raimondo

Trump taps billionaire crypto booster Cantor Fitzgerald CEO Howard Lutnick as Commerce Secretary

Scott Bessent, Key Square Capital CEO, is considered front-runner for the Treasury spot.

Fortune

US Finalizes Up To $6.6 Bn Funding For Chip Giant TSMC

The United States will award Taiwanese chip giant TSMC up to $6.6 billion in direct funding to help build several plants on US soil, officials said Friday, finalizing the deal before a new administration enters the White House.

International Business Times

US Issues Record Number Of Passports In Past 12 Months

Secretary of State Antony Blinken said 24.5 million passports and 11.5 million visas were issued in fiscal year 2024.

Latin Times

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US Issues Record Number Of Passports In Past 12 Months

Secretary of State Antony Blinken said 24.5 million passports and 11.5 million visas were issued in fiscal year 2024.

International Business Times

New York State to get new $825 million semiconductor R&D facility

The NSTC is getting a flagship facility in Albany, New York that's dedicated to EUV research and development.

Tom’s Hardware

Biden's China EV policy may be a nail in Tesla rival's coffin

The embattled EV automaker faced de-listing from the NASDAQ earlier this year.

The Street

Biden-Harris Administration Invests 0M In Wolfspeed For Chip Manufacturing

Biden-Harris administration allocates 0 million to Wolfspeed for silicon carbide technology, boosting U.S. manufacturing capabilities.

Top News

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China Says Raised 'Serious Concerns' With US Over Trade Curbs

The United States and China on Tuesday raised concerns about trade between the world's two biggest economies, with China's commerce minister urging Washington to lift sanctions on his country's firms "as soon as possible".

International Business Times

Biden plan to purge auto tech from China might actually hurt Detroit

The Commerce Department's proposed new ruling may have stark consequences for domestic automakers.

The Street

Commerce Department Bans Chinese Car Components

Commerce Secretary Raimondo insists the rule "is a strictly national security action."

Reason

Latest federal pitch might steer Chinese cars off US roads

Federal officials say the administration's move is to protect national security interests.

The Street

Citing security concerns, the US is now looking to ban Chinese and Russian-made vehicles

The U.S. Department of Commerce has proposed a ban on electric vehicles from China and Russia amid concerns regarding citizen privacy and national security.

TechRadar

Commerce Department Seeks Ban On Chinese And Russian Vehicle Tech

Commerce Department plans to ban Chinese and Russian software and hardware in U.S. connected vehicles for national security reasons.

Top News

US Commerce Department Proposes Ban On Chinese, Russian Smart Vehicle Tech

US Commerce Department proposes ban on smart vehicles using Chinese or Russian technology over national security concerns. Effort to secure US-China comput...

Top News

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The Independent UK

Ban sought for Chinese, Russian software and hardware used in autonomous vehicles on US roads

A ban on the sale of connected and autonomous vehicles in the U.S. that are equipped with Chinese and Russian software and hardware is being sought by the U.S. Commerce Department, with the stated goal of protecting national security and U.S. drivers

The Guardian - US

Biden administration proposes rules to ban Chinese-made cars over spying fears

As Chinese carmakers become more powerful, US fears installed sensors and software could be used for espionage

Tom’s Hardware

U.S. Govt pushes Nvidia and Apple to use Intel's foundries — Department of Commerce Secretary Raimondo makes appeal for US-based chip production

Intel CEO Pat Gelsinger expressed his frustrations about American tech companies' use of TSMC for their chip requirements during a meeting with Secretary Raimondo. The latter then encouraged investors in private sessions to use American foundries for their chip-making needs.

Top News

Democratic Rising Stars To Speak In Chicago

Pennsylvania Gov. Josh Shapiro and Michigan Gov. Gretchen Whitmer to speak at Chicago event alongside other Democratic leaders, highlighting key battlegrou...

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Fortune

U.S. to ban Chinese software in self-driving cars amid national security fears

Chinese-made autonomous vehicles have driven 1.8 million miles in California alone since 2017.

PC Gamer

Russian antivirus giant Kaspersky leaves the US after two decades, slams the 'theoretical concerns' that led to it being banned

The US claims the Kremlin could abuse Kaspersky software "to access and potentially exploit sensitive U.S. technology and data".

TechRadar

Kaspersky shuts down all US operations following ban

Following the ban on Kaspersky products, the security company is officially exiting the US market.

Fortune

China is poised to dominate the market for legacy chips

U.S. Commerce Secretary Gina Raimondo warned in April that 60% of all mature chips coming into the market will come from China.

Top News

Biden Administration Engages With Business Leaders For Economic Growth

President Biden engages with corporate leaders to drive investment and address workforce shortages, balancing business interests with worker welfare.

Tom’s Hardware

CHIPs Act throws its weight behind glass packaging for chips — Biden admin invests in SK hynix affiliate

The Biden administration is allocating $75 million of CHIPS Act funding to Absolics to build a plant for glass semiconductor substrates in Georgia. Glass substrates are the next major step forward in semiconductor fabrication.

Tom’s Hardware

US to increase tariffs on Chinese semiconductors by 100% in 2025 — officials say it protects the $53 billion spent on the CHIPS Act

The U.S. will increase import tariffs on Chinese semiconductors from 25% to 50% in 2025.

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