Us Subsidy

TSMC will get up to more subsidies from the government of Japan in order to help the chipmaker build a second fabrication plant in Japan. The company will receive 732 billion yen ($4.86 billion) more in subsidies from Japan. TSMC, which is also expanding in the US and Germany, plans to ramp up to mass production in Japan before the end of the year.

After the Federal Communications Commission (FCC) declined to give Starlink nearly $900 million in subsidies, Elon Musk's mother accused US President Joe Biden of hating her son's attempts to "make this world a better place".

Meta Platforms said on Thursday subsidies from Big Tech should be the last option for European Union telecoms operators trying to get US companies to foot some of their network cost. Deutsche Telekom, Orange, Telefonica and other operators have lobbied for two decades for US tech giants to contribute to 5G and broadband roll-out, saying they create...

Two US lawmakers have introduced a legislation in the House of Representatives against the subsidies on sugar given by several countries including India, Brazil, Russia, Mexico as well as the European Union.

EV manufacturer worries regarding the $430 billion (roughly Rs. 35.3 lakh crore) Inflation Reduction Act that was enacted by the US in August will be discussed by a task force, comprising US and EU officials, next week. The recently passed US law is aimed at rolling back climate change and making Washington a world leader in the EV market. However,...

European Union officials are expected to reach an agreement with their US counterparts as the bloc aims to get the same status as US car makers for EV manufacturers in the EU. The US Inflation Reduction Act offers government tax breaks or subsidies for purchases of electric cars but makes such support conditional on the car, or parts of it, being m...

SpaceX has challenged a decision taken by the US Federal Communications Commission (FCC) to reject subsidies for the firm under the Rural Digital Opportunity Fund, according to a report. Starlink was expected to receive $885.5 billion (roughly Rs. 70,52,400 crore) in subsidies under a multibillion-dollar program to bring Internet access to over 6.4...

US President Joe Biden signed an order to implement the CHIPS Act on Thursday. The executive order will ensure subsidy for manufacturing semiconductor chips in the US. The implementation plan worth $52.7 billion (nearly Rs. 4,21,000 crore) aims at encouraging chip manufacturing and research in the country.

The US Inflation Reduction Act (IRA) is set to be signed into law by US President Joe Biden today. The law that is designed to increase green investment, comes at a price. It extends and expands the existing electric vehicle (EV) subsidy of up to $7,500 (roughly Rs. 5,94,800) but conditions the tax credit on the sourcing of the mineral content of...

The US Federal Communications Commission rejected SpaceX's Starlink and LTD Broadband's applications for more than $2 billion (roughly Rs. 15,930 crore) in Internet service subsidies. In December 2020, the FCC tentatively awarded $9.2 billion (roughly Rs. 73,281 crore) to over 300 bidders to deploy high-speed broadband from the Rural Digital Opport...

US President Joe Biden signed signed the CHIPS Act on Tuesday, the new legislation that provides $52.7 billion (roughly Rs. 4,19,400 crore) in subsidies for US chip production and research. The bill was also designed to boost efforts to make the US more competitive with China and motivate firms to manufacture more chips in the country.

Biden will sign a bill to subsidize the US semiconductor industry next Tuesday, in an attempt to ease the ongoign chip crisis and boost efforts to make the United States more competitive with China. The CHIPS bill provides about $52 billion (roughly Rs. 4,11,400 crore) in government subsidies for research and US production of semiconductors.

The US Commerce Department has announced that it will limit the size of government subsidies for semiconductor manufacturing. The Commerce Department said that applicants must supply detailed financial information and projections for proposed projects and capital investment plans.

The CHIPS Act was passed by the US Senate on Wednesday, with a rare bipartisan vote. The act is aimed at boosting companies in the US to compete with China, while attempting to reduce the ongoing component shortage affecting the industry. The CHIPS Act will provide for about $52 billion (roughly Rs. 4,14,754 crore) in government subsidies for US se...

US President Joe Biden pressed Congress on Monday, asking it to pass a bill to provide US chipmakers with $52 billion (roughly Rs. 4,14,800 crore) in subsidies to reduce foreign sourcing for semiconductors. He cited both the economic and national security "imperative" of securing production of the tiny components needed for everything from smartpho...

TSMC will get up to more subsidies from the government of Japan in order to help the chipmaker build a second fabrication plant in Japan. The company will receive 732 billion yen ($4.86 billion) more in subsidies from Japan. TSMC, which is also expanding in the US and Germany, plans to ramp up to mass production in Japan before the end of the year.

After the Federal Communications Commission (FCC) declined to give Starlink nearly $900 million in subsidies, Elon Musk's mother accused US President Joe Biden of hating her son's attempts to "make this world a better place".

Meta Platforms said on Thursday subsidies from Big Tech should be the last option for European Union telecoms operators trying to get US companies to foot some of their network cost. Deutsche Telekom, Orange, Telefonica and other operators have lobbied for two decades for US tech giants to contribute to 5G and broadband roll-out, saying they create...

Two US lawmakers have introduced a legislation in the House of Representatives against the subsidies on sugar given by several countries including India, Brazil, Russia, Mexico as well as the European Union.

EV manufacturer worries regarding the $430 billion (roughly Rs. 35.3 lakh crore) Inflation Reduction Act that was enacted by the US in August will be discussed by a task force, comprising US and EU officials, next week. The recently passed US law is aimed at rolling back climate change and making Washington a world leader in the EV market. However,...

European Union officials are expected to reach an agreement with their US counterparts as the bloc aims to get the same status as US car makers for EV manufacturers in the EU. The US Inflation Reduction Act offers government tax breaks or subsidies for purchases of electric cars but makes such support conditional on the car, or parts of it, being m...

SpaceX has challenged a decision taken by the US Federal Communications Commission (FCC) to reject subsidies for the firm under the Rural Digital Opportunity Fund, according to a report. Starlink was expected to receive $885.5 billion (roughly Rs. 70,52,400 crore) in subsidies under a multibillion-dollar program to bring Internet access to over 6.4...

US President Joe Biden signed an order to implement the CHIPS Act on Thursday. The executive order will ensure subsidy for manufacturing semiconductor chips in the US. The implementation plan worth $52.7 billion (nearly Rs. 4,21,000 crore) aims at encouraging chip manufacturing and research in the country.

The US Inflation Reduction Act (IRA) is set to be signed into law by US President Joe Biden today. The law that is designed to increase green investment, comes at a price. It extends and expands the existing electric vehicle (EV) subsidy of up to $7,500 (roughly Rs. 5,94,800) but conditions the tax credit on the sourcing of the mineral content of...

The US Federal Communications Commission rejected SpaceX's Starlink and LTD Broadband's applications for more than $2 billion (roughly Rs. 15,930 crore) in Internet service subsidies. In December 2020, the FCC tentatively awarded $9.2 billion (roughly Rs. 73,281 crore) to over 300 bidders to deploy high-speed broadband from the Rural Digital Opport...

US President Joe Biden signed signed the CHIPS Act on Tuesday, the new legislation that provides $52.7 billion (roughly Rs. 4,19,400 crore) in subsidies for US chip production and research. The bill was also designed to boost efforts to make the US more competitive with China and motivate firms to manufacture more chips in the country.

Biden will sign a bill to subsidize the US semiconductor industry next Tuesday, in an attempt to ease the ongoign chip crisis and boost efforts to make the United States more competitive with China. The CHIPS bill provides about $52 billion (roughly Rs. 4,11,400 crore) in government subsidies for research and US production of semiconductors.

The US Commerce Department has announced that it will limit the size of government subsidies for semiconductor manufacturing. The Commerce Department said that applicants must supply detailed financial information and projections for proposed projects and capital investment plans.

The CHIPS Act was passed by the US Senate on Wednesday, with a rare bipartisan vote. The act is aimed at boosting companies in the US to compete with China, while attempting to reduce the ongoing component shortage affecting the industry. The CHIPS Act will provide for about $52 billion (roughly Rs. 4,14,754 crore) in government subsidies for US se...

US President Joe Biden pressed Congress on Monday, asking it to pass a bill to provide US chipmakers with $52 billion (roughly Rs. 4,14,800 crore) in subsidies to reduce foreign sourcing for semiconductors. He cited both the economic and national security "imperative" of securing production of the tiny components needed for everything from smartpho...