(Reuters) -President Joe Biden’s administration is expected to award billions of dollars in subsidies in coming weeks to top semiconductor companies including Intel and Taiwan Semiconductor Manufacturing Co to help build new factories in the U.S., the Wall Street Journal reported on Saturday. The forthcoming announcements aim to kick-start manufacturing of advanced semiconductors that power […]
The Biden administration is expected to announce billions of dollars in subsidies to Intel (INTC), Taiwan Semiconductor Manufacturing (TSM) and others in the coming weeks., The Wall Street Journal reported Saturday. The awards would be part of the $53 billion Chips Act to bring back chip manufacturing to the U.S. The legislation was passed in […]
Jan 27 (Reuters) – The Biden administration is expected to award billions of dollars in subsidies to top semiconductor companies including Intel, and Taiwan Semiconductor Manufacturing Co in the coming weeks to help build new factories in the United States, the Wall Street Journal reported on Saturday. The forthcoming announcements are aimed at kick-starting manufacturing […]
German Chancellor Olaf Scholz called for calm on Saturday as the country faces protests by farmers angry about a plan to cut their fuel subsidies. Farmers have blocked major roads and snarled traffic across the country with their tractors as part of a week of protests against the plan to scrap tax breaks on diesel […]
(Bloomberg) — Colombia President Gustavo Petro said his government will keep diesel subsidies in place going into the new year while allowing local gasoline costs to fluctuate in line with international prices. Most Read from Bloomberg “There will be no harm to truckers and public transportation as long as we will maintain the subsidies,” Petro […]
The United States must end “crazy” oil and gas subsidies to achieve its climate goals, but a stalled Congress is preventing President Joe Biden from taking action, U.S. climate envoy John Kerry told POLITICO. “The subsidies are crazy, and we have them still in the United States,” Kerry said in an interview with POLITICO’s Power Play podcast. “President Biden has […]