Central Texas Global Business Pulse
Quick Read
3 Stories that are must read
Two chip-making giants have discussed building huge factory complexes in the United Arab Emirates that could transform the industry in the coming years and become a cornerstone for artificial-intelligence investments in the Middle East.
Top executives at Taiwan Semiconductor Manufacturing Co. TSM 0.73%increase; green up pointing triangle, the world’s largest chip maker, have visited the U.A.E. recently and talked about a plant complex on par with some of the company’s largest and most advanced facilities in Taiwan, according to people familiar with the interactions.
The chairman of a House committee focused on national security and economic competition between the U.S. and China is urging the Pentagon to add two Chinese electronics display companies to a restriction list that bars them from doing business with U.S. military and intelligence agencies, according to a letter first seen by Nextgov/FCW.
Rep. John Moolenaar, R-Mich., who chairs the lower chamber’s Select Committee on the Chinese Communist Party, asked Defense Secretary Lloyd Austin to add China-based display firms BOE Technology Group and Tianma Microelectronics to the 1260H list, which inventories Chinese civilian entities deemed dangerous to national security because they are suspected of contributing to Beijing’s military research and development.
Kamala Harris pledged to use the might of the government to support domestic manufacturing and help the U.S. beat China in the industries of the future, embracing a policy that puts federal intervention at the heart of her economic plan.
Harris on Wednesday said that if elected president, she would support a new tax credit that will invest tens of billions of dollars in domestic manufacturing. The credit would aim to create jobs in cutting-edge fields such as biotechnology and aerospace production, and to strengthen traditional industries such as iron and steel, Harris said in a policy document.
Big Plan Highlights
