Preliminary agreement proposes investing $6.4 billion into facility construction and expansion in Texas. The Department of Commerce announced that it has reached a non-binding domestic manufacturing agreement with…
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Commerce Department Reaches Preliminary Agreement with Intel
CHIPS funding would support Intel manufacturing in four states. The Commerce Department announced that it has reached a preliminary agreement with Intel Corporation, offering the company $8.5 billion…
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House Committee Calls for Higher Tariffs on Chinese Drones
Also recommends U.S. drone incentives in a letter to the administration. Representatives of the House China Committee wrote a letter to administration officials on Wednesday urging President Biden’s…
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White House Announces $5 Billion for Semiconductor Research
The administration establishes a center for research and a public-private development consortium. President Biden’s administration has announced a $5 billion investment into domestic semiconductor research and development (R&D),…
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SelectUSA Fostered $200 Billion in Foreign Investments
Commerce Department reports a milestone in the program’s 11 years. The Department of Commerce announced that their program SelectUSA reached $200 billion in certified foreign direct investments into…
Read MoreCommerce Department Announces Domestic Chip Production Grants
$62 million in funding to support U.S. chip factories. The U.S. Department of Commerce announced a second tranche this week from the Chips and Science Act of 2022…
Read MoreCommerce Department Launching Semiconductor Supply Chain Survey
The department will assess the current state of domestic production to develop support methods. The Department of Commerce announced that it is launching a new survey this month…
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Commerce Department Reports Outdoor Recreation Revenue
Record highs within the sector show a bounce-back after the COVID-19 pandemic. The outdoor recreation industry generated $1 trillion in gross domestic product (GDP) for America’s economy in…
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U.S. Hosts 2023 Indo-Pacific Economic Meeting
Leaders will review the developmental progress of the IPEF trade agreement in San Francisco. The Department of Commerce announced that the United States will be hosting the third…
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Digital Trade Discussions Suspended Ahead of Indo-Pacific Meeting
U.S. Trade Representative Tai makes room for more permanent Congressional action. President Biden’s administration suspended digital trade negotiations that would have taken place at the Indo-Pacific Economic Framework…
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