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Congress Is Giving Billions to the Chip Industry. The strings Are Attached.

Leave a Comment / USA Politics, Finance, Tech / By georgeskef

The industrial policy debate is back in Washington and a massive semiconductor and science bill grants the government new authority over a strategically important industry. WASHINGTON Amid an escalating shortage of semiconductors and while lawmakers debated the need to increase U.S.-based manufacturing of chips, Intel went to the Biden administration with a plan that some …

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Biden Administration Releases Plan for $50 Billion Investment in Chips

Leave a Comment / Finance, Socioeconomics, Tech, USA Politics / By georgeskef

The Commerce Department issued guidelines for companies that are seeking federal funds aimed at strengthening the industry of semiconductors in the US. WASHINGTON – The Department of Commerce on Tuesday revealed its plan to distribute $50 billion to build the U.S. semiconductor industry and fight China in what is likely to be the largest U.S. …

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U.S. is planning to limit the influence of Chinese A.I. supercomputing companies

Leave a Comment / USA Politics, Asia politics, Finance / By georgeskef

These new regulations could prove to be the most expansive decision taken in the Biden administration to block Chinese access to American technology that powers data centers as well as supercomputers. It is expected that the Biden administration is scheduled to announce new rules to block Chinese businesses from having access to the technologies that …

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Chine is overtaking the U.S. in key technologies

Leave a Comment / Asia politics, Tech, USA Politics / By georgeskef

While Congress was debating how and when to help American chipmakers as well as research into other technologies, China was surging ahead. In the months prior to when the House and Senate concluded 13 months of debate and approved the $ 280 billion CHIPS and Science Act, China’s largest, state-owned chip maker jumped a significant …

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Fierce battle to reset Tax Deals for climate and environmental conservation

Leave a Comment / Uncategorized, Socioeconomics, USA Politics / By georgeskef

It was the West Virginia Democrat who said he has resisted and was willing to sign up for the climate, energy, and tax package following a return to the table to discuss an option to combat inflation. WASHINGTON – Senate Chuck Schumer, the majority leader, and Senator Joe Manchin III, Democrat from West Virginia, were …

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Dutch supremacy in chip making. U.S. and China battling over the technology

Leave a Comment / EU Politics, Asia politics, Tech, USA Politics / By georgeskef

A chip-making machine worth $150 million made by a Dutch company has turned into an instrument in the U.S.-Chinese battle. It also shows how ingrained the supply chain in the world is. President Biden and several members of Congress in Washington are concerned about computers and China’s plans to use the technology that is at the core …

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G.M. has ambitious plans to only sell zero emission vehicles by 2035

Leave a Comment / Automotive industry, Socioeconomics / By georgeskef

This ambitious move is part of a larger plan to make the company carbon neutral by 2040. The days of the internal combustion motor are over. General Motors announced Thursday that it will phase out petrol-powered cars and trucks by 2035 and only sell vehicles with zero tailpipe emissions. This seismic shift is by one of …

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Ford will invest $30 billion in electric vehicles, which is a significant increase over the earlier plans.

Leave a Comment / Finance, Automotive industry / By georgeskef

Ford Motor announced Wednesday that it will increase its spending on electric vehicles by around a third of its previous plans. It expects E.V.s in 40 percent of its production by 2030. This is a significant increase in Ford’s commitment to electrification. The company plans to spend $30 Billion in five years, up from its …

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Ford has built 4 factories for a big electric vehicle push

Ford is showing signs of revival after years of stagnation

Leave a Comment / Uncategorized / By georgeskef

Ford Motor has been trying to turn the tide for years but making little progress at its showroom or in its profits. The 118-year-old automaker’s outlook is improving. Many analysts credit Jim Farley, who assumed the role of chief executive in October. Ford introduced several highly-received models including the redesigned F150 pickup truck, a Mustang electric sport-utility vehicle, and …

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Ford’s Electric F-150 Pickup Is Designed to Be the Model T.V.

Leave a Comment / Electric cars, Automotive industry / By georgeskef

If the vehicle sells well, an electric version could be made of the top-selling car in America. This would help to accelerate the transition to battery-powered transportation. Ford Motor has created a new front in its battle to be the dominant player in the electric vehicle market. It’s relying on one of the most influential business franchises …

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