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US expected to announce billions in chip subsidies

Financial Express Mumbai

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January 28, 2024

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.

US expected to announce billions in chip subsidies

The forthcoming announcements are aimed at kick-starting manufacturing of advanced semiconductors that power smartphones, artificial intelligence and weapons systems, the WSJ reported, citing industry executives familiar with the negotiations.

The executives expect some to come announcements before US President Joe Biden's State of the Union address on March 7, the WSJ report added.

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UK investigates X over Grok deepfake concerns

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Lemon Tree: Restructuring gains

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The advent of vibe coding

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Maruti to invest ₹4,960 cr in 2nd Gujarat plant

MARUTI SUZUKI INDIA, the country's top carmaker, has received board approval to invest ₹4,960 crore in Gujarat to expand its manufacturing capacity, marking a significant step in its longterm growth strategy.

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Gaurav Munjal to stay at the helm of Unacademy

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Bosses race to upskill before bots outsmart them

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Wheat sowing rises 2% to 33.4 million hectare

AREA UNDER COVERAGE for wheat rose 2% to 33.4 million hectares till January 9 of the ongoing rabi (wintersown) season, according to the government data.

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BSE, IFCI stocks surge on NSE IPO expectations

STOCK PRICES OF the BSE and IFCI surged on Monday on hopes of the listing of the National Stock Exchange (NSE), which is the highest-valued company in the India unlisted space.

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Ola Electric launches Shakti energy storage

OLA ELECTRIC ON Monday rolled out its first 'Shakti', a portable energy storage system for homes and offices, from its cell manufacturing Gigafactory in Krishnagiri, Tamil Nadu.

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Financial Express Mumbai

Forex swap to cruise on arbitrage, corp demand, say bankers

THE ARBITRAGE OPPORTUNITIES between onshore and offshore markets alongside an expected pickup in corporate participation are likely to help the Reserve Bank of India's (RBI's) $10-billions foreignexchange swap sail through smoothly, bankers said.

time to read

1 min

January 13, 2026

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