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16 Wall Street firms fined $1.8B for using private text apps, lying about it
Nov 13,2023
The US Securities and Exchange Commission (SEC) has fined big-name banks and brokerages a collective$1.8 billion over workers' use of private texting apps to discuss work and for not always saving those messages. The fines include$1.1 billion assesse...
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Apple accelerates plans to move more manufacturing out of China
Nov 13,2023
Apple's global supply chain management strategy appears to be shifting quickly to reduce its dependence on China for iPhone and MacBook product assembly. The move is part of a larger trend toward deglobalization, or reducing interdependence between b...
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US Congress rolls back proposal to restrict use of Chinese chips
Nov 13,2023
The US Congress is rolling back proposed legislation that would place restrictions on the use of Chinese-made chips by the government and its contractors, after  companies argued that the measures would raise costs. While the draft legislation s...
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As reshoring brings chipmakers back to the US, Apple looks to jump on board
Nov 13,2023
Apple is expected to get about one-third of its future processors from a new semiconductor fabrication facility set to be in production in 2024, according to a report by Bloomberg. The new$12 billion fabrication plant, being built by Taiwan Semi...
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FTX meltdown likely to spur crypto regulations, cool digital currency push
Nov 13,2023
The crash last week of FTX, one of the world's leading cryptocurrency exchanges, is likely to push lawmakers to create central oversight of an otherwise unregulated marketplace. And while cryptocurrencies like those traded on FTX are different from o...
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Corporate execs confident on sustainability goals, admit more work needed
Nov 13,2023
About six in 10 executives believe they can achieve their corporate sustainability goals over the next year, according to a recent global survey commissioned by Honeywell International. But only about 16% think they'll do so primarily throu...
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US-China chip war puts global enterprises in the crosshairs
Nov 13,2023
As the US-China trade war escalates, with President Joe Biden's administration issuing sweeping restrictions on exports of chip technology, enterprises in different economic sectors worldwide are bound to get caught in the crossfire between the world...
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US sets guidelines for semiconductor makers seeking CHIPS Act funds
Nov 13,2023
The Biden administration has initiated an application procedure with guidelines for proposals from semiconductor maunfacturers that want to take advantage of incentives offered by the US CHIPS and Science Act. The application process focuses on furth...
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UK to spend $124 million on task force for secure AI
Nov 13,2023
The UK government has announced it will provide
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EU Chips Act to drive $47 billion investments in semiconductor manufacturing
Nov 13,2023
The European Council and the European Parliament has reached an agreement on a deal that will invest$3.6 billion in EU funds - with the aim of attracting a further$43.7 billion in private investment - to build out the continent's semiconductor manufa...
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China to probe Micron over cybersecurity, in chip war's latest battle
Nov 13,2023
The Chinese government is instituting a cybersecurity review of US-based memory chip maker Micron's products being sold in the country, in the latest move in the ongoing semiconductor trade dispute that pits China against the US and its allies. The r...
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India-US chip partnership could boost global chip supply chain
Nov 13,2023
India is trying to emerge as a competitive alternative to China in the semiconductor sector amid the intensifying chip war between the US and China. India and the US last week signed a memorandum of understanding on establishing a semiconductor ...
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