Latest news with #CHIPSandScienceAct
Yahoo
4 days ago
- Business
- Yahoo
Is Boise a city on the rise? Where it ranks on LinkedIn's hot-spot list
Boise has earned the second spot on LinkedIn's first 'Cities on the Rise' list, underscoring its momentum as one of the nation's quickly growing metro areas. The Cities on the Rise list of 25 mid-sized U.S. metros highlights where hiring is growing, job postings are on the rise and more professionals are choosing to move. The ranking aims to highlight smaller cities offering opportunity and affordability, said Andrew Seaman, LinkedIn's editor at large for jobs & career development. 'We want this list to showcase smaller, maybe more approachable metro areas that are seeing strong growth in hiring,' Seaman told the Idaho Statesman in an interview. LinkedIn's analysis found that more than half of job seekers are willing to move for work, with career opportunities serving as a major driver behind long-distance relocation. The ranking comes after Idaho snagged third place in the U.S. News & World Report annual 'Best States' ranking. That report evaluated states based on 71 metrics across eight categories: health care, education, economy, infrastructure, opportunity, fiscal stability, crime and corrections, and natural environment. The state's placement in several categories, such as fourth in economy and 10th in opportunity, helped secure the capital city second place in LinkedIn's list. LinkedIn's ranking noted Boise's rising tech and infrastructure investment. 'Micron announced that big expansion. … Meta is investing in a data center. So there are a lot of tech investments that we see as driving some of these metrics,' Seaman said. In 2022, Micron was awarded more than $6.1 billion in federal subsidies to help pay for new chip-making plants in Boise and upstate New York, with Boise's share being $1.5 billion through the CHIPS and Science Act. Seaman also pointed toward the capital city's health care sector, led by the St. Luke's and Saint Alphonsus health systems, and Boise State University's role in workforce development as contributing to the city's appeal. Micron, St. Luke's, Saint Alphonsus and Boise State were among Idaho's top 10 businesses in total employees, according to a 2023 Idaho Department of Labor report. Beyond jobs, Boise's location and lifestyle also serve as draws. With over 100 parks just in Boise, the green spaces and recreation opportunities can attract outdoor enthusiasts. 'The location is fantastic for people who like the outdoors. … That's something we're hearing from a lot of people who are starting their careers,' Seaman said. The 25 metros on LinkedIn's 'Cities on the Rise' list Grand Rapids, Michigan Boise Harrisburg, Pennsylvania Albany, New York Milwaukee, Wisconsin Portland, Maine Myrtle Beach, South Carolina Hartford, Connecticut Nashville, Tennessee Omaha, Nebraska Kansas City Wilmington, North Carolina Richmond, Virginia Indianapolis, Indiana Colorado Springs Sacramento, California Greenville-Spartanburg-Anderson, South Carolina Austin, Texas Raleigh-Durham-Chapel Hill, North Carolina Portland Fayetteville, Arkansas Reno, Nevada San Antonio, Texas Fort Wayne, Indiana Pensacola, Florida Solve the daily Crossword
Int'l Business Times
7 days ago
- Business
- Int'l Business Times
Geoeconomics 2.0: The Real War Is In Chips, Currencies And Control
The world is no longer negotiating peace through treaties or posturing with missiles. Instead, it's wielding tariffs, technology bans, and resource chokeholds as weapons. From Washington to Beijing, New Delhi to Brussels, economic leverage has become the new language of global power. In this new era of geoeconomics, trade routes, tech supply chains, and financial systems are being redrawn—not by markets, but by strategy. And as nations scramble to protect sovereignty and secure advantage, companies and consumers are being pulled into the frontline of an invisible war. What makes this development significant is its departure from the traditional notion of globalization. Trade is no longer just about economic efficiency; it has become an arena of ideological and strategic alignment. As reported by the Financial Times, the current U.S. trade policy under Donald Trump's renewed influence is less about balancing imports and exports, and more about leveraging tariffs as geopolitical tools. Trump has recently announced sweeping new tariffs—30% on imports from the European Union and Mexico, and up to 35% on Canadian goods—framing them not as economic adjustments, but as assertions of national strength. In response, the European Commission is preparing over €70 billion in countermeasures while also seeking to maintain diplomatic engagement. Strategic Supply Chains and the New Resource Wars Parallel to the trade frictions is the reconfiguration of global supply chains, especially in critical sectors like semiconductors, rare earth elements, and artificial intelligence. The U.S. has accelerated its efforts to reshore chip manufacturing, investing heavily in domestic fabrication facilities under the CHIPS and Science Act. These investments are driven less by efficiency and more by the growing sense that technological dependence—particularly on China—presents a national security threat. Meanwhile, China has responded with its own countermeasures, including tighter export controls on rare materials such as gallium and germanium, both crucial to the production of semiconductors and green technologies. According to the Financial Times, these measures are not merely retaliatory but part of a broader strategy to gain leverage in the global technology race. Multinational firms are adapting by shifting operations toward more geopolitically stable manufacturing hubs such as India and Vietnam. As explained by the World Economic Forum, artificial intelligence tools are now central to managing these increasingly complex global supply chains—helping businesses anticipate risk and adjust logistics in real time. The Rise of Economic Blocs The increasing use of economic tools for strategic ends is also driving the formation of geoeconomic blocs. A tighter U.S.–EU alignment is emerging, focused on joint export controls, digital infrastructure and AI regulation, largely in response to China's growing technological influence. At the same time, the BRICS+ alliance—comprising Brazil, Russia, India, China, South Africa, and new entrants—is working to establish alternative trade systems that reduce reliance on the U.S. dollar. Though still in early stages, this de-dollarization agenda could have significant implications for the global financial architecture. India, in particular, has become a key swing player in this new configuration. According to the Times of India, Goldman Sachs projects that India's economy will reach $10 trillion by 2035, bolstered by its booming digital services sector and expansion of global capability centers (GCCs). With Western firms eager to diversify out of China, India is increasingly becoming a preferred partner in tech, pharma, and manufacturing. Business on the Front Lines Corporations are no longer passive economic actors. Increasingly, they are becoming entangled in the national security concerns of their home governments. Export restrictions on chips and AI models, foreign investment screening, and cybersecurity compliance have made firms like Nvidia, TSMC, and Microsoft strategic assets—not just market players. A recent controversy involving proposed U.S. tariffs on imported copper illustrates the complexity of this environment. As reported by MarketWatch, industry leaders are warning that such measures could jeopardize America's ambitions in both artificial intelligence and clean energy, since copper is a critical input for electric vehicles, servers, and power grids. What once would have been a narrow industrial tariff now threatens to ripple across multiple sectors of national importance. The business environment has thus shifted from a focus on cost optimization to one of strategic positioning. Firms are being forced to consider geopolitical risk, regulatory friction, and even military escalation in their long-term planning. Markets and Consumers Caught in the Crossfire These global realignments are not just boardroom concerns—they're already impacting markets and consumers. Investors are seeing increased volatility in sectors sensitive to trade policy, such as energy, healthcare, and tech. According to Business Insider, UBS has advised clients to hedge exposure and focus on firms with deep government ties or strategic sector alignment. Meanwhile, consumers can expect to see higher costs in electronics, vehicles, and digital services. Cross-border regulations on data storage, content moderation, and cloud infrastructure are also reshaping how global digital services function, fragmenting the once-borderless nature of the internet. Strategy Over Efficiency What we're witnessing is a redefinition of economic globalization, where nations act like corporations and corporations act like states. Trade corridors are being redrawn, not just based on cost, but on security, ideology, and strategic trust. The new age of geoeconomics is not about who makes a product cheapest, but who can guarantee supply, protect intellectual property, and align with allies. In this environment, resilience and foresight are worth more than speed or scale. For companies, that means investing in intelligence—not just artificial, but geopolitical. For nations, it means viewing commerce not as an end, but as a powerful tool in a long-term game of influence.
Newsweek
09-07-2025
- Business
- Newsweek
One Big Beautiful Mistake
Advocates for ideas and draws conclusions based on the interpretation of facts and data. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The story of great powers is not only one of conquest and competition. It is also one of self-inflicted decline—of states that once held commanding leads in technology or economic dynamism, only to squander them through complacency, ideology or short-sighted policy. History is replete with examples. In the 15th century, China deployed fleets that dwarfed anything possessed by European powers, sailing as far as East Africa. But fearing instability and obsessed with internal control, its rulers dismantled their maritime power, ceding the seas—and the future—to Europe. In the 19th century, the Ottoman Empire, once a vital transmission mechanism bringing science and medicine to the West, clung to tradition and resisted industrialization. The result was stagnation and irrelevance. The 20th century offers similar lessons. The Soviet Union launched the first satellite but crushed its nascent internet revolution, fearing the openness that innovation demands. The United States offshored its semiconductor manufacturing capabilities in the name of cost efficiency. Today, Taiwan leads the global chip supply and Washington is scrambling. President Donald Trump answers questions during a press conference on recent Supreme Court rulings in the briefing room at the White House on June 27, 2025, in Washington, D.C. President Donald Trump answers questions during a press conference on recent Supreme Court rulings in the briefing room at the White House on June 27, 2025, in Washington, with the passage of President Donald Trump's One Big Beautiful Bill, history threatens to repeat itself—this time through a distinctly American form of self-sabotage. President Trump's signature legislative achievement is billed as a national renewal project. But in substance, it represents a sweeping repudiation of the very policies that have begun to reorient the United States for long-term strategic competition with China. The bill eliminates more than $180 billion in clean energy tax credits over the next decade—including the 45X advanced manufacturing credit, which was catalyzing domestic battery, solar, and EV supply chains. It slashes over $60 billion earmarked for EV charging infrastructure, and sidelines efforts to modernize an antiquated grid system and scale carbon capture, hydrogen, and storage technologies. It rescinds over $20 billion from the CHIPS and Science Act's R&D budget, neutering long-term U.S. innovation in semiconductors, and cuts the Advanced Research Projects Agency–Energy (ARPA-E) budget by 70 percent , stalling high-risk, high-reward technology programs critical to future global energy competitiveness. Programs to support workforce development in strategic and emerging sectors—including NSF fellowships and community college grants—have been zeroed out. Rather than investments for global leadership, the legislation diverts funds toward politically symbolic priorities: expanded fossil fuel subsidies, funding for non-productive border infrastructure, and ideologically driven restrictions on ESG-aligned investment programs. Combined with the Trump administration's broader attacks on flagship research universities and core funding in basic science and research, the message is clear: the U.S. is slowing down just as the global race to define the 21st century reaches a sprint. This is not how great nations endure. It is how they fall. And while the United States pulls back, China is gathering momentum. Beijing is investing state capital at scale in clean energy technologies, EVs, advanced batteries, grid storage, and the critical mineral supply chains on which all of these depend. It is not just competing—it is shaping global standards and opening new global markets in Latin America, Africa, and Europe, and securing long-term economic advantage. In 2023 alone, China added over $130 billion in new clean tech manufacturing subsidies, locked in new partnerships for lithium and cobalt supplies across Africa and Latin America, and deployed more EVs domestically than the rest of the world combined. But the story is broader than China. In Europe and Asia, governments are ramping up public investment and targeted tax incentives in battery manufacturing, clean energy technology, EV supply chains, AI and chips, carbon storage and grid resilience, and next-generation industrial capacity. Even India, once overlooked in the tech race, has pledged $10 billion in production-linked incentives for semiconductors as well as for advanced clean energy manufacturing. This is not merely a matter of climate policy or economic direction. It is about geopolitical positioning. The nations that lead in new energy, infrastructure, and core technologies will determine global rules and capital flows. Those that fall behind will become dependent on systems they did not design and cannot control. Some insist that market forces will eventually adjust. But history rarely offers second chances. Great powers rise by investing in the future. They fall when they fight the future and mistake regression for resurgence. This is not a bold reimagining of American greatness but rather a retreat from responsibility and opportunity. Like China burning their ships. Like Ottomans rejecting the factory. Like Soviet bureaucrats fearing the microchip. The One Big Beautiful Bill may claim to restore American leadership—but, in practice, it dismantles the foundations of U.S. competitiveness. The bill is now law, but its effects are not yet destiny. There remains time for Congress, states, the private sector and—most importantly—the American people to choose differently. History's lesson is clear: greatness is not a birthright. It is a wager on the future. And it demands the courage to build. Michael Schiffer, a partner at Scalare Advisors, served as assistant administrator for Asia at USAID in the Biden administration, senior advisor and counselor at the Senate Foreign Relations Committee, and prior to that, at the Department of Defense in the Obama administration. Dewardric L. McNeal is managing director and senior policy analyst at Longview Global, LLC, a former Obama administration appointee to the U.S. Department of Defense, and served as assistant director for international programs at the Brookings Institution's John L. Thornton China Center. The views expressed in this article are the writers' own.
Nikkei Asia
03-07-2025
- Business
- Nikkei Asia
Samsung delaying completion of US chip plant due to lack of customers
South Korea's Samsung has invested billions in the U.S. and plans further spending to expand chipmaking capacity there. (Source photos by Samsung) KIM JAEWON and CHENG TING-FANG SEOUL/TAIPEI -- Samsung Electronics is delaying completion of a semiconductor factory in the U.S. state of Texas, as the South Korean chipmaker struggles to find customers for the plant's output, sources familiar with the matter told Nikkei Asia. Samsung has said it will invest more than $37 billion in Texas in the coming years, having been awarded a grant by the Biden administration of up to $4.7 billion in December under the CHIPS and Science Act, which aimed to advance U.S. technology leadership.
Time of India
02-07-2025
- Business
- Time of India
How latest version of Donald Trump's ‘big beautiful bill' may be ‘next big win' for Intel, TSMC and Micron
US President Donald Trump US President Donald Trump 's latest legislative push aims to significantly incentivise semiconductor manufacturers to build plants in the country, further bolstering Washington's efforts to strengthen its domestic chip supply chain. The bill, which the Senate passed on Tuesday (July 1), proposes increasing tax credits for eligible semiconductor firms from 25% to 35%. This marks an even larger increase than the 30% that appeared in a prior draft. Chipmakers like Intel , Taiwan Semiconductor Manufacturing Company ( TSMC ) and Micron Technology may all benefit from these enhanced credits, provided they expand their advanced manufacturing capabilities in the US before a 2026 deadline. It is to be noted that these new provisions build upon the existing tax incentives established by the 2022 CHIPS and Science Act, which included $39 billion in grants and $75 billion in loans for US-based semiconductor manufacturing projects. Trump's approach to chips: Beyond CHIPS Act grants Since his first term, Trump has pursued policies to bring more of the advanced semiconductor supply chain back from Asia, bolster domestic players and curb China's technological capabilities. While the tax provisions in his new bill expand on those in the Biden administration's CHIPS Act, Trump's overall strategy for the semiconductor industry has diverged. Earlier this year, the President even called for a repeal of the CHIPS Act, though Republican lawmakers have shown reluctance to act on that front. Nonetheless, US Commerce Secretary Howard Lutnick recently indicated that the administration is renegotiating some of the Biden administration's existing grants. In recent months, several major chipmakers with US projects have ramped up their planned investments in the country, including TSMC, Nvidia, Micron and GlobalFoundries.
