Latest news with #CHIPSAct
Globe and Mail
4 days ago
- Business
- Globe and Mail
The CHIPS Act and Peraso Inc. (NASDAQ: PRSO): Advancing Semiconductor Innovation and National Security
The CHIPS and Science Act, a landmark $280 billion initiative, is designed to bolster domestic semiconductor manufacturing, strengthen supply chain resilience, and advance technologies critical to national security. Peraso Inc. (NASDAQ: PRSO), whose fixed wireless access (FWA) solutions rely on cutting-edge semiconductors, stands to benefit significantly from this federal initiative. CHIPS Act: Strengthening Semiconductor Innovation Peraso's advanced mmWave wireless technology, including its proprietary PERSPECTUS modules, depends on high-performance semiconductors to power beamforming, subscriber density optimization, and ultra-low latency communication. The CHIPS Act's targeted support for semiconductor design, manufacturing, and R&D directly aligns with Peraso's core mission. Key Provisions of the CHIPS Act Relevant to Peraso: Support for Semiconductor Design and Manufacturing: With billions earmarked for semiconductor innovation, Peraso could secure funding to expand and refine its wireless module production, improving both scalability and performance. Defense Applications: Peraso's proven technology in active war zones enhances its appeal for CHIPS-related defense funding streams focused on national security communication infrastructure. Incentives for Domestic Production: By establishing or scaling up U.S.-based production, Peraso can reduce dependency on foreign suppliers and capitalize on government incentives to drive cost efficiency and resilience. Beamforming Technology and Military-Grade Security Beamforming, a core component of Peraso's wireless architecture, enables precise signal direction and obstacle circumvention—making communications harder to intercept and more reliable in combat and urban zones. These stealth features have been tested in military deployments, affirming Peraso's role as a trusted innovator in defense communication. The CHIPS Act's prioritization of defense-sector semiconductor advancement opens clear funding pathways for Peraso's continued innovation in secure communications. Momentum Builds Across Semiconductor and Tech Microcaps In addition to Peraso Inc.'s (NASDAQ: PRSO) momentum, keep an eye on: These microcap tech and biotech stocks are moving aggressively in early trading, drawing increasing volume and media attention as investors seek the next breakout plays underpinned by catalysts such as R&D breakthroughs, M&A buzz, and sector-specific policy tailwinds. Global Implications: Peraso's Expanding Reach While the CHIPS Act is a U.S.-centric initiative, its global ramifications for semiconductor innovation, broadband infrastructure, and secure communications are profound. By leveraging CHIPS-backed funding and a strengthened domestic supply chain, Peraso can scale manufacturing, reduce costs, and expand its international footprint. With countries globally prioritizing secure broadband and military-grade connectivity, Peraso's reputation and reliability uniquely position it for strategic partnerships and multinational deployments. The CHIPS Act offers a transformative roadmap for Peraso Inc. (NASDAQ: PRSO) to amplify its role in semiconductor innovation and national security. Backed by military-proven technology and expanding global relevance, Peraso is more than a player—it's a rising leader in next-gen wireless, defense-grade communications, and broadband transformation. Investors should watch closely as the company continues to align with macro-level federal investments, with a potential ripple effect across small-cap tech innovators. Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors with a safe harbor with regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, and assumptions about future events or performance are not statements of historical fact and may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TheStreetReports (TSR) is responsible for the production and distribution of this content."TSR" is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. "TSR" authors, contributors, or its agents, may be compensated for preparing research, video graphics, podcasts and editorial content. "TSR" has not been compensated to produce content related to "Any Companies" appearing herein. As part of that content, readers, subscribers, and everyone viewing this content are expected to read the full disclaimer in our website.
Yahoo
4 days ago
- Business
- Yahoo
$1.9 billion CHIPS grant denied for Kansas
COFFEY COUNTY (KSNT) – Coffey County Commissioners were told that their application for $1.9 billion in Creating Helpful Incentives to Produce Semiconductors (CHIPS) grant funds was denied; throwing the construction of a proposed Burlington computer chip factory into question. On May 19, commissioners heard from County Counselor Wade Bowie, II, about CHIPS funding. According to Bowie, the transition between the Biden and Trump administration likely resulted in the denial. In February 2023, Governor Laura Kelly announced that EMP Shield had plans to build a computer chip manufacturing facility in Burlington thanks to funding through the CHIPS Act. The governor said that the facility would create more than 1,200 jobs averaging $66,000 annually. Following the news, commissioners heard that decisions would need to be made regarding the future of the property at the location. According to the minutes from the meeting, the location is ideal for an industrial park with I-35 and Highway 75 near Kansas City and other locations. Economic Development Director Jenny Tatman showed commissioners a concept map of the proposed industrial park. He discussed a possible manufacturing facility built by a solar panel company. Bowie told commissioners that there will be an update on the potential future of the CHIPS grants at the next regular meeting on June 2. What will happen to the old JCPenney space at West Ridge Mall? As of August 2024, the CHIPS and Science Act had provided $30 billion in support for 23 projects in 15 states that would add 115,000 manufacturing and construction jobs, according to the Commerce Department. That funding helped to draw in private capital and would enable the U.S. to produce 30% of the world's most advanced computer chips, up from 0% when the Biden-Harris administration succeeded Trump's first term. The CHIPS Act called for every aspect of computer chip production to be brought back to the United States – specifically into rural areas of the Midwest, along with stipulations including private-public partnerships as well as the involvement of higher education institutions. For more Kansas news, click here. Keep up with the latest breaking news in northeast Kansas by downloading our mobile app and by signing up for our news email alerts. Sign up for our Storm Track Weather app by clicking here. The Associated Press contributed to this article. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
6 days ago
- Business
- Yahoo
Michigan governor shades Ohio in calling for semiconductor fabs to be built there
COLUMBUS, Ohio (WCMH) — Michigan is raising another competition with Ohio as Michigan Gov. Gretchen Whitmer calls for the state to get into the semiconductor game. Whitmer, a Democrat, called for Michigan to secure advanced manufacturing investments, specifically a semiconductor manufacturing facility. Speaking in Flint, Whitmer lightly called out Ohio in her May 21 remarks, as the Buckeye state has secured a number of major tech manufacturing projects and data centers, including a $28 billion investment from Intel in New Albany. 'Let's add more tools to our toolbox to bring jobs home and keep them here,' Whitmer said. 'There are some on the far left and the far right in Lansing who say we should unilaterally disarm. Just get rid of these tools and let those jobs go to Georgia, Kentucky, Arizona or, God forbid, Ohio.' Data Desk: Ohio has one of lowest average urban driving speeds in country The Midwest is generally emerging as a leader in semiconductor manufacturing, with Ohio at the helm. The market was spurred forward by the U.S. CHIPS and Science Act, a bipartisan federal program founded under former President Joe Biden that allocated funds to encourage domestic semiconductor manufacturing. Intel is among the recipients of CHIPS Act funding, promised $7.865 billion for projects in Ohio, Arizona, New Mexico and Oregon. However, Intel has only received $2.2 billion of its promised funding, none of which was allocated under President Donald Trump. Trump has been a strong CHIPS Act critic, although domestic semiconductor manufacturing is still a priority for him. Whitmer said she has spoken with Trump about establishing a fab in Michigan, and she said her goal is to secure a project by the end of next year. The state is not starting from scratch; according to the Michigan Economic Development Corporation, the semiconductor industry contributes $4.6 billion in gross regional product to Michigan. The state has already attracted multi-million-dollar semiconductor projects. Shuttered central Ohio biotech firm faces lawsuit from former employees over layoffs Even in organizations that cross state lines, Ohio leads the Midwest semiconductor industry, with Michigan often second. Formed in 2022, the Midwest Semiconductor Network joins more than 30 universities to develop semiconductor research and workforce, 18 of which are in Ohio. Michigan has five partner universities, the second-highest number among the five states represented. Michigan and Ohio are both considered among the top manufacturing states in many rankings, although there is no definitive list. Under Whitmer's goal, the Midwest would gain another semiconductor project and further its role in the industry. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Barnama
23-05-2025
- Business
- Barnama
- Tariff Madness Forces World To Rethink Economic Planning
Opinions on topical issues from thought leaders, columnists and editors. The recent tariff madness by the United States has rattled markets around the world. Top economists do not see the real value from such a move. Instead of coaxing global companies to shift their operations to the United States, as envisaged by the administration, it may even backfire on the U.S. economy. The world is now in a volatile, uncertain, complex and ambiguous, or VUCA, state. Volatility and uncertainty are most dreaded by the economy and business. Decisions to invest are negatively impacted. The economic repercussions are devastating to say the least. What is more disconcerting is that the U.S. Congress appears powerless in stopping such madness. The world needs a serious rethink on the global economic order and execution. Malaysia included. Experts have prescribed key strategic options for the global economy in response. The need to diversify supply chains is imminent. A much-discussed strategy is to reduce dependency on any single country (especially China) by building alternative hubs in Southeast Asia (Vietnam, India), Latin America (Mexico, Brazil), and Africa. The obvious challenge is higher costs, slower growth in infrastructure and policy readiness in the alternatives. Few would dispute the fact that the recent escalation of U.S. tariffs, particularly on Chinese goods but also affecting allies like the EU, has disrupted global trade and forced a reassessment of economic strategies worldwide. This tariff madness reflects deeper trends including deglobalisation pressures, geopolitical rivalry, and a shift from efficiency to resilience. Regionalisation over Globalisation? A shift to regionalisation over globalisation is touted. This involves strengthening regional trade blocs (e.g., USMCA in North America, RCEP in Asia, African Continental Free Trade Area) to reduce geopolitical risks. This presents the opportunity towards faster logistics, aligned regulations, and political cohesion. There is however the risk towards fragmentation into competing blocs (United States vs. China spheres of influence). Reshoring and friend-shoring have been proposed as a strategy. This would bring critical industries (semiconductors, pharmaceuticals, clean energy) back to home countries or allies (e.g., U.S. CHIPS Act, EU's subsidies for battery production). But there is a trade-off between security vs. cost. Reshoring raises prices but mitigates supply chain risks. Currency and settlement systems diversification may result. The much-talked-about strategy is to reduce reliance on the U.S. dollar in trade settlements (e.g., China-Russia yuan/ruble trade, BRICS push for local currencies). A major obstacle is the fact that the dollar's liquidity and dominance remain entrenched. Tech decoupling and innovation wars present new strategy. Compete in strategic tech (AI, quantum, green tech) via subsidies (US IRA, EU Green Deal) and export controls (e.g., ASML's EUV bans to China). The risk is a duplication of R&D efforts, and slower global innovation. There have been suggestions to reform or even replace the WTO. The strategy calls for reforming the WTO to address tariff abuses and subsidies, or build alternative dispute mechanisms (e.g., plurilateral agreements). Then again, the reality is that the U.S.-China tensions make consensus unlikely. This is where regional deals may fill the gap. There is also talk of climate-led trade alliances. Link trade to climate goals (e.g., EU Carbon Border Tax, U.S.-EU "Green Steel Club") to create new alliances while penalising carbon-heavy exporters. Prioritising Security over Efficiency There is no denying that all such rethinks would lead to a more fragmented, resilient but costly system. The post-tariff global economy will prioritise security over efficiency, with competing blocs, higher consumer prices, and slower growth. Winners will be countries that can offer stable manufacturing alternatives (India, Vietnam, Mexico), lead in critical technologies (U.S., EU, China), and leverage regional alliances for scale, example ASEAN for us. The risk would be a "new Cold War' economic divide that stifles growth. The best path forward may be limited decoupling, keeping trade open in non-strategic sectors while securing supply chains in vital industries. For Malaysia, we need to re-strategise our involvement in manufacturing. For too long we have been stuck in the lowest of the manufacturing value chain, assembling, thus becoming too reliant on the global supply chain. The NIMP has rightly called for more focus on design and branding. This call was in fact made way back during IMP2. Unfortunately, our execution has been dismal. Time to change. -- BERNAMA Prof Dato Dr Ahmad Ibrahim (ahmadibrahim@ is affiliated with the Tan Sri Omar Centre for STI Policy Studies at UCSI University and is an associate fellow at the Ungku Aziz Centre for Development Studies, Universiti Malaya.
Business Insider
22-05-2025
- Business
- Business Insider
Wolfspeed Stock Collapses: Here's What J.P. Morgan Says About the Road to Bankruptcy
Wolfspeed (NYSE:WOLF) investors faced a harsh reality on Wednesday as the company's stock plummeted nearly 70%. This collapse followed reports that the silicon carbide chipmaker is preparing to file for Chapter 11 bankruptcy within weeks. Confident Investing Starts Here: Earlier this month, Wolfspeed said that it was exploring options to either restructure its debt or pursue bankruptcy. The company carries $6.5 billion in debt and had $1.3 billion in cash as of March 31. Wolfspeed has been struggling with weak demand in the industrial and automotive sectors, along with uncertainty caused by tariffs. The company was awarded $750 million in direct funding through the CHIPS Act. However, it has yet to receive the funds, and speculation emerged in March that it may have lost access to the anticipated cash infusion. Also in March, Wolfspeed announced it would lay off around 180 employees, mainly from its materials operations in Durham and Siler City and the company named Robert Feurle as its new CEO, effective May 1. That has done little to change its fortunes, it seems. Given the challenges faced by the company, the news probably won't come as much of a surprise to J.P. Morgan's Samik Chatterjee, an analyst who ranks amongst the top 4% of Wall Street stock pros. 'In our view, further evidence of demand headwinds amid an uncertain macro (e.g., auto-related tariffs, risks to CHIPS Act funding, risks to EV policies, etc.), higher competition, and significant changes in the management team creates a challenging path for the company to achieve its target of generating positive operating cash flow in FY26 (Jun-end),' Chatterjee explained. 'Even though the management team has already taken incremental actions to reduce its prior EBITDA breakeven point given the current status of demand (e.g., $800 mn vs. prior of <$1 billion), we believe the above outlined headwinds are setting the stage for lower confidence in its stated outlook for breakeven and greater challenges in relation to convincing equity investors that there remains a path to profitability,' the 5-star analyst added. It's no wonder, then, that Chatterjee rates WOLF shares as Underweight (i.e., Sell). (To watch Chatterjee's track record, click here) Other Street analysts will likely soon be joining Chatterjee in the bear camp. In the meantime, the stock claims a Hold (i.e., Neutral) consensus rating based on a mix of 3 Buys, 2 Holds and 4 Sells. (See WOLF stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
