Investing.com -- President Donald Trump called for the repeal of the CHIPS Act in his State of the Union address on March 4, raising questions about the future of semiconductor investment in the United States. “The CHIPS Act decided massive subsidies, but they are not actually being used as budgeted, and it doesn’t mean anything. You should get rid of the CHIPS Act and use whatever†...
By Michele PekSINGAPORE (Reuters) - Iron ore futures continued to slide on Tuesday, with just hours to go until U.S. tariffs on Chinese imports came into effect.The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 1.39% lower at 779 yuan ($106.93) a metric ton, as of 0307 GMT.The benchmark April iron ore on the Singapore Exchange (OTC:SPXCY) eased 0.18% to $99. ...
Investing.com-- Two prominent Wall Street firms BlackRock Inc (NYSE:BLK) and Citadel are in discussions with India’s Adani Group to acquire $750 million in debt as the conglomerate seeks refinancing, the Economic Times reported on Tuesday citing sources familiar with the matter.The negotiations come as Adani works to restructure its obligations, including senior secured private placement no ...
By Che Pan and Brenda GohBEIJING/SHANGHAI (Reuters) - China plans to issue guidance to encourage the use of open-source RISC-V chips nationwide for the first time, two sources briefed on the matter said, as Beijing accelerates efforts to curb the country’s dependence on Western-owned technology. The policy guidance on boosting the use of RISC-V chips could be released as soon as this month, alth ...