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The Latest Breaking News from the Department of Commerce

US To Grant Samsung Up To $6.4 Bn For Chip Plants

The United States on Monday announced grants of up to $6.4 billion to South Korean semiconductor giant Samsung to produce cutting-edge chips in Texas.

International Business Times

Biden Administration Commits Nearly $20 Billion to Boost U.S. Semiconductor Industry with Intel

Under the CHIPS Act, the Department of Commerce brokered 8.5 billion in direct funding and 11 billion in loans to reinforce Intel's footprint in the country

Latin Times

New Budget Deal Includes $12 Billion 'Cut' That Doesn't Actually Cut Anything

Anatomy of a budget gimmick.

Reason

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US won't restrict exports of 'mature chips' to China — processors using 28nm or older tech will be free from sanctions

A Department of Commerce official stated that sanctions on China wouldn't extend to "mature chips or legacy chips."

Tom’s Hardware

U.S. blocks shipment of 24 Nvidia AI GPUs to China over concerns about self-driving truck company

TuSimple, which is exiting the U.S. market, attempted to send 24 A100 GPUs to Australia — but the shipment was blocked over concerns they might eventually make their way to China.

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.

Tom’s Hardware

Race-Based Refusal to Consider Questions at Employer Town Hall / Removal of Posts on Internal Forum May Be Illegal Discrimination

From Tyree B. v. Raimondo, decided by the EEOC on Oct. 18 but just posted to Westlaw last week: The Agency framed Complainant's claims [of, among other things, race discrimination based on his being white] as follows: Agency officials have ignored, dismissed, disregarded, suppressed, mischaracterized, and mislabeled Complainant's communications and…

Reason

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White House lays out possible rules for private space stations and more

The National Space Council has released a draft bill that would split the regulation of novel space activities between two departments: Transportation and Commerce.

Space

Biden administration executive order tackles AI risks, but lack of privacy laws limits reach

The comprehensive, even sweeping, set of guidelines for artificial intelligence that the White House unveiled in an executive order on Oct. 30, 2023, show that the U.S. government is attempting to address the risks posed by AI.

The Conversation

Commerce Secretary Gina Raimondo on her working group with China: 'Hopefully the baby steps lead to bigger steps'

At Fortune's CEO Initiative, Raimondo laid out the Biden administration's "small garden, high walls" approach to building its relationship with China.

Fortune

Commerce Ministry seeking views of Ministries, NITI on draft Bills on five cash crops

Commerce Ministry seeks views from Ministries, Niti Aayog on Bills to promote growth of cash crops like tea, coffee, spices, rubber and tobacco. Bills seek to decriminalise minor offences, create conducive environment for businesses. After comments, Ministry to approach Cabinet for approval. Bills propose repeal/updation of decades-old laws to reflect…

The Hindu

Learning from the CHIPS Act of the U.S.

The lesson from the CHIPS Act of the United States s that India’s strategy needs to identify and invest in research on future technologies

The Hindu

Commentary: By the treasury secretary’s own definition, we’re back in recession

Last month, the Department of Commerce released troubling data on the anemic economy, showing that gross domestic income (GDI) shrank in the previous six months. That’s no surprise to half of Americans who believe we’re currently in a recession, but the data refute President Joe Biden’s claim that the economy…

Tribune News Service

U.S. to Let Samsung, SK Hynix, TSMC Expand Fabs in China: Report

U.S. set to allow South Korean and Taiwanese companies to upgrade fab operations in China using American wafer fab tools.

Tom’s Hardware

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TechRadar

Why TikTok users should be concerned about the RESTRICT Act

An outright TikTok ban has never looked so possible, with the new proposed Bill seeking to mitigate the block's legal challenges.

TechRadar

What is the RESTRICT Act and how will it affect the tech industry?

The so-called TikTok ban bill could restrict way more IT services than that—even VPNs. Here's what's at stake for US users.

Chicago Tribune

Commentary: Until TikTok’s fate is decided, we should take responsibility for protecting our data online

Few, if any of us, live in a place like Mayberry, the fictitious town in North Carolina that provides the bucolic setting for the 1960s television program “The Andy Griffith Show.” Before we leave our homes, we secure our doors and windows. When leaving our vehicles, we lock their doors.…

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