In the face of looming uncertainty, US shippers are increasingly avoiding East and Gulf Coast ports, fearing a potential dockworker strike by January 15. This suspension of regular shipping routes comes as negotiations between 45,000 dockworkers and their employers take center stage, following a recent tentative agreement that left critical issues unresolved. The International Longshoremen’s […]
US to Grant $325 Million to Boost Polysilicon Production
In a significant move to enhance the domestic semiconductor supply chain, the Biden administration has announced a $325 million grant to Hemlock Semiconductor. This funding is part of a broader initiative aimed at strengthening U.S. semiconductor manufacturing, a sector that has gained immense attention in light of recent global supply disruptions. The funding, sourced from […]
Brazil Opens Second Phase of Drex Digital Currency Pilot
The Central Bank of Brazil has initiated the second phase of its digital currency pilot program, known as Drex, opening up new opportunities for companies to engage with cutting-edge financial technology. Running from October 14 to November 29, this phase is strategically aimed at exploring complex use cases for a tokenized version of the Brazilian […]
X Returns to Brazil as Court Clears Path for Resumption
The social media giant X, formerly known as Twitter, has successfully reinstated its services in Brazil following a recent Supreme Court ruling that lifted a previous suspension. The resumption of operations came just a day after the court confirmed that X had complied with all necessary legal requirements to return to the Brazilian market. This […]
Biden Accelerates US Chip Manufacturing with New Legislation
President Joe Biden recently signed a groundbreaking piece of legislation aimed at accelerating semiconductor manufacturing in the United States. This new law exempts specific semiconductor facilities from undergoing further federal environmental reviews, a significant move intended to expedite the implementation of projects funded by the substantial $52.7 billion CHIPS Act. The CHIPS Act represents a […]
British government buys key chip plant, preserving skilled jobs
The British government has taken a decisive step to secure the future of its semiconductor industry by acquiring a key facility in Newton Aycliffe, northern England, formerly owned by U.S.-based Coherent Inc. This factory specializes in producing gallium arsenide semiconductors, essential components for military technology, including advanced fighter jets. The acquisition, valued at around £20 […]
Semiconductor Industry Gears Up for $400 Billion Boom
The semiconductor industry is on the brink of a significant transformation, with an estimated investment surge that could reach $400 billion in chip-making equipment between 2025 and 2027, according to the global industry association SEMI. This robust investment is primarily driven by strategic maneuvers from key players like China, South Korea, and Taiwan, as they […]
X Moves to Comply with Brazil’s Court Amid Misinformation Crackdown
In a notable shift, Elon Musk’s social media platform, X, has informed Brazil’s Supreme Court that it has adhered to orders aimed at combating the spread of misinformation. This decision follows an extended period of defiance against the Brazilian judiciary, which had previously characterized Musk’s stance as a challenge to censorship. The court had imposed […]
US Grants $123 Million to Polar Semiconductor for Plant Expansion
In a significant move to bolster domestic semiconductor production, the US Commerce Department has awarded a $123 million grant to Polar Semiconductor, aimed at expanding its Minnesota facility. This initiative represents the first funding allocation from the Biden administration’s ambitious $52.7 billion semiconductor manufacturing and research subsidy program designed to enhance US competitiveness in this […]
US Legislation Aims to Boost Chip Production
The recent passage of a bill by the US House of Representatives marks a significant step in facilitating semiconductor manufacturing in the United States. This new legislation aims to streamline federal permitting processes for chip manufacturers, potentially benefiting industry giants such as Intel and TSMC. In an era where technological advancement is crucial, addressing regulatory […]