According to Bloomberg, the Senate’s draft tax bill proposes a temporary boost to the investment tax credit for semiconductor manufacturers—raising it from 25% to 30% of plant investments. The measure is aimed at encouraging chipmakers to ramp up spending on new facilities before the credit expi...

According to Reuters, U.S. Secretary Of Commerce Howard Lutnick states on Wednesday that President Donald Trump's administration is revisiting certain semiconductor grants issued under former President Joe Biden, indicating that some of the awards could be withdrawn. As noted by the report, Lutn...

According to a report from Economic Daily News, citing Bloomberg, GlobalFoundries—the largest contract chipmaker in the U.S.—announced on June 4 that it will invest USD 16 billion to boost domestic chip production. The company is the latest to publicly commit billions of dollars toward expanding...

According to CNBC, U.S. President Donald Trump said he told Apple CEO Tim Cook that he is against the company manufacturing its devices in India, instead urging Cook to bring production back to the U.S. Trump also added that Apple plans to ramp up its U.S. manufacturing, though he did not provide...

Before Biden’s three-tier AI chip curbs comes into effect, Trump reportedly plans to hit the brakes. According to Bloomberg and Reuters, the AI diffusion rule will not take effect on May 15 as previously scheduled, with Trump pushing to revamp chip export policy. As per the reports, the Commerc...