US Economy Contracts for First Time Since 2022 on Imports Surge The US economy, known for its resilience and stability, has hit a stumbling block as it contracted for the first time since 2022. The latest data reveals that the Gross Domestic Product (GDP) of the United States decreased by an annualized 0.3 percent in […]
$6.1 Billion CHIPS Act Boost for Micron: A Game Changer for U.S. Semiconductor Manufacturing
The Biden administration’s recent approval of a $6.1 billion subsidy earmarked for Micron Technology marks a pivotal moment for U.S. semiconductor production. This financial boost is not only vital for Micron but also holds significant implications for the broader semiconductor industry and the U.S. economy. This substantial investment is part of a larger initiative under […]