$8 Billion for Intel Won’t Fix America’s Chip Problem

Published on December 5, 2024

Since its enactment in 2022, the Chips and Science Act — a $280 billion splurge intended to revive US semiconductor manufacturing — has been at best a mixed success. A $7.9 billion grant to Intel Corp., announced by President Joe Biden’s administration last week, shows how this gravy train may be headed off the rails.

Continue reading on website
Other news

Emerging Currencies Hold Gains After Powell While Won Rebounds

December 5, 2024
Emerging-market currencies held gains after Federal Reserve Chair Jerome Powell said policymakers could move cautiously as they lower interest rates. The South Korean won rebounded on Wednesday as President Yoon Suk Yeol rapidly reversed his martial law declaration.

This Is Not France’s "Truss" Moment

December 5, 2024
Quite a few observers have described the dramatic fall of the Barnier government in France not just as a political crisis but also an economic and financial crisis.