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☆ Donald Trump Jan. 6 indictment: Ex-president charged in DOJ's criminal probe into 2020 election interference — his 3rd indictment this year
▼ + stars: | 2023-08-01 | by ( Azmi Haroun | Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Donald Trump has been indicted as part of the Department of Justice's investigation into the events leading up to the Jan. 6 Capitol riot. The riot was the culmination of efforts by Trump's supporters to block the certification of Biden's election. The Justice Department, in a team led by Special Counsel Jack Smith, brought the charges. Trump announced last month that Smith's team had served him a target letter indicating he may be indicted in the investigation. Trump and six co-conspirators also attempted to rope then-Vice President Mike Pence in their scheme and use the Justice Department to keep Trump in power, the indictment alleges.

Persons: Donald Trump, Trump's, Trump, Joe Biden, Jack Smith, Smith, Mike Pence, Walt Nauta, Stormy Daniels, MANDEL NGAN, Rudy Giuliani, Mark Meadows, John Eastman, Giuliani, What's, Win McNamee, Fani Willis empaneled, George, Biden, Dana Nessel, Jean Carroll Organizations: Department of, Service, Republican, The Justice Department, Truth, Justice Department, Trump, Capitol, White, Prosecutors, Representatives, US Department of Justice, Getty, DOJ, The Washington Post, NPR, Fulton Locations: Wall, Silicon, Florida, New York, Manhattan, Washington ,, AFP, Washington , DC, Fulton County, Atlanta, Michigan

☆ US Senator Wyden asks FTC, CISA, DOJ to 'take action' against Microsoft following hack
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

[1/2] Senator Ron Wyden (D-OR) speaks during the Senate Finance Committee hearing on the nomination of Chris Magnus to be the next U.S. Customs and Border Protection commissioner, in the Dirksen Senate Office Building on Capitol Hill in Washington, DC, U.S., October 19, 2021. In a letter released Thursday, Wyden said that "even with the limited details that have been made public so far, Microsoft bears significant responsibility for this new incident." The FTC, the Justice Department, and the Cybersecurity Agency - known as CISA - did not immediately respond to request seeking comment. Microsoft did not immediately return a request for comment. Reporting by Raphael Satter; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Ron Wyden, Chris Magnus, Mandel Ngan, Read, Wyden, Raphael Satter, Chizu Organizations: Senate, U.S . Customs, Border Protection, Federal Trade Commission, Infrastructure Security Agency, Department of Justice, Microsoft, FTC, Justice Department, Cybersecurity Agency, Thomson Locations: U.S, Dirksen, Washington , DC, Oregon, China

☆ Nobel Prize-winning economist says there’s no need for the Fed to keep hiking interest rates
▼ + stars: | 2023-07-14 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

watch nowNobel Prize-winning economist Christopher Pissarides believes there's no need for the Federal Reserve to keep raising interest rates in the coming months, saying policymakers at the U.S. central bank should instead look to take a breather in the battle against inflation. His comments come shortly after data on Wednesday showed U.S. inflation fell sharply to a two-year low of 3% in June. The reading appeared to underscore the Fed's relative success in containing price rises following a rapid increase in interest rates. "I don't expect anything to happen to make them want to increase interest rates more, but I would definitely wait this time," he added. Federal Reserve Board Chairman Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023.

Persons: Christopher Pissarides, CNBC's, Pissarides, Jerome Powell, Mandel Ngan Organizations: Federal Reserve, U.S, Wednesday, Fed, London School of Economics, Economic Sciences, AFP, Getty Locations: Washington ,, Europe, States

☆ Smoke will keep pouring into the US as long as fires are burning in Canada
▼ + stars: | 2023-07-01 | by ( Alaa Elassar | ) edition.cnn.com time to read: +17 min

Massive fires burning in remote areas – like some of those currently burning in northwestern Quebec – are often too out of control to do anything about. Ed Jones/AFP/Getty Images Smoke from wildfires in Canada shrouds the view of the Statue of Liberty on Friday in New York. Jim Watson/AFP/Getty Images Smoke and haze is seen from the Lincoln Memorial in Washington, DC, on Tuesday, June 27. Matt McClain/The Washington Post/Getty Images Smoke from Canadian wildfires obscures the visibility in Pittsburgh on June 8. Another issue is the increase in the wildfires are caused by climate change, and are simultaneously making climate change worse.

Persons: ” Robert Gray, you’ve, they’re, “ There’s, don’t, ”, Daniel Perrakis, ” Gray, Shiraaz Mohamed, Gray, “, ” Perrakis, Ed Jones, David Dee Delgado, Gary Hershorn, Haze, Gene J, Jim Watson, Megan Smith, Kamil Krzaczynski, Cpl Marc, Andre Leclerc, Drew Angerer, Shannon Stapleton, Ronald Reagan, Saul Loeb, Matt McClain, Emmalee Reed, Hannah Beier, Mandel Ngan, New York City, Timothy A, Clary, Mike Segar, John Minchillo, Shanita Hancle, Seth Wenig, Matt Rourke, Ting Shen, Matt Slocum, Amr Alfiky, John Meore, Leah Millis, George Washington, Peter Carr, Yuki Iwamura, Kareem Elgazzar, Carlos Osorio, Frank Franklin II, Merrily Cassidy, Spencer Colby, Jason Rock, BJ Fuchs, Anne, Sophie Thill, we’ve, it’s Organizations: CNN, Canadian Forest Service, Firefighters, Getty, ” “, Nature Conservancy, Rockefeller Center, North, Corbis, PNC Park, Major League Baseball, Pittsburgh Pirates, San Diego Padres, Traffic, Chesapeake, Lincoln Memorial, USA, People, Canadian Forces, Reuters, BC, Service, Xinhua, Ronald Reagan Washington National Airport, Washington Post, Bloomberg, Capitol, Trade, AP Transit, T, Alberta Wildfire, New, New York City, Getty Images Workers, Citizens Bank, Philadelphia Phillies, New York Yankees, Empire, George Washington Bridge, New York State Thruway, Cincinnati Enquirer, Cape Cod Times, Anadolu Agency, Canadian Press, AP, Wildfire Service, Communications, Space, NASA, Reuters Firefighters, Kamloops Fire Rescue, Shining Bank Locations: Wisconsin, Vermont, North Carolina, Canada, Quebec, Canadian, British Columbia, Alberta, Ontario, Mexico, Costa Rica, Chile, Spain, Australia, New Zealand, South Africa, South Korea, France, AFP, New Jersey, Manhattan, New York, North America, New, Pittsburgh, Stevensville , Maryland, Washington ,, Chicago, Lake Michigan, Mistissini, Ronald Reagan Washington, Arlington , Virginia, Washington, Philadelphia, Elmont , New York, Baltimore, Evansburg , Alberta, Brooklyn , New York, Piermont , New York, Fort Lee , New Jersey, George, West Nyack, New York's, New York City, Cincinnati, Rock Harbor, Massachusetts, Cape Cod, Ottawa, Fort Nelson, Shelburne County , Nova Scotia, Communications Nova Scotia, Shelburne , Nova Scotia, Fort St, John, Kamloops, Shining Bank , Alberta, Lytton

☆ U.S. and India set to announce flurry of deals spanning defense, chips and A.I.
▼ + stars: | 2023-06-22 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +6 min

Mandel Ngan | Afp | Getty ImagesThe U.S. and India are set to announce a slew of defense and technology collaborations on Thursday during Prime Minister Narendra Modi's state visit, U.S. officials said. India has overtaken China as the world's most populous country and is set to become the third-largest economy in the coming years. According to Reuters, Modi has not addressed a single press conference in India since he became prime minister in 2014, making this an extremely rare occasion. India and the U.S. are expected to announce a deal to jointly produce F414 jet engines in India, involving General Electric and Hindustan Aeronautics. Thirdly, the so-called India-U.S. Defense Acceleration Ecosystem will aim to integrate India's growing private sector defense industry with the U.S. defense sector.

Persons: Joe Biden, Jill Biden, Narendra Modi, Mandel Ngan, Narendra Modi's, Modi, Elon, Ray Dalio, we've, Gary Dickerson, Dickerson, Brendan Mullarkey Organizations: India's, White, Afp, Getty, Tesla, Bridgewater Associates, Biden, Reuters, General Electric, Hindustan Aeronautics, U.S, U.S . Defense, Tech, NASA, Indian Space Research, Embassy Locations: Portico, Washington , DC, India, U.S, China, United States, Pakistan, Russia, France, Great Britain, Israel

☆ Street looks to extend rally into a holiday-shortened week that is light on data
▼ + stars: | 2023-06-17 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Also on tap are several speaking engagements for Federal Reserve members, including Chair Jerome Powell on Wednesday and Thursday in his semiannual monetary policy report to Congress. ET: St. Louis Fed president Jim Bullard speaks 8:30 a.m. ET: Federal Reserve Chairman Jerome Powell speaks 12:25 am. ET: Federal Reserve Chairman Jerome Powell speaks 10:00 a.m. Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023.

Persons: Jerome Powell, Louis, Jim Bullard, John Williams, Austan Goolsbee, Loretta Mester, Tom Barkin, Friday's, Jim Cramer's, Jim Cramer, Jim, Mandel Ngan Organizations: Federal Reserve, Darden, FedEx, Louis Fed, Housing, NY Fed, Federal, Chicago Fed, Patterson Companies, Winnebago Industries, Algoma Steel, Cleveland Fed, Richmond Fed, Commercial Metals, U.S, Treasury, Jim Cramer's Charitable, CNBC, AFP, Getty Locations: United States, Olive, Washington ,

☆ China rebukes US in phone call ahead of Blinken's planned Beijing trip
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +2 min

[1/2] U.S. Secretary of State Antony Blinken speaks to members of the media in the Treaty Room of the State Department in Washington, U.S., June 12, 2023. Qin told Blinken to respect China's core concerns, such as the Taiwan issue, in an effort to arrest declining relations between the superpowers, according to China's foreign ministry. The Chinese foreign ministry has yet to reveal information on Blinken's trip, but a U.S. official last Friday said Blinken would be in Beijing on June 18, giving no other details. Blinken cancelled a planned trip to Beijing in February over a suspected Chinese spy balloon that flew over the United States. The United States should "stop interfering in China's internal affairs, and stop harming China's sovereignty, security and development interests in the name of competition," Qin added.

Persons: Antony Blinken, Mandel Ngan, Qin Gang, Antony Blinken's, Qin, Blinken, Joe Biden's, Bernard Orr, John Geddie, Muralikumar Anantharaman Organizations: State Department, REUTERS, U.S, Thomson Locations: Washington , U.S, United States, Beijing, Taiwan, U.S, China, Washington's, Lincoln

☆ China rebukes US in phone call ahead of Blinken's Beijing trip
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +3 min

[1/2] U.S. Secretary of State Antony Blinken speaks to members of the media in the Treaty Room of the State Department in Washington, U.S., June 12, 2023. Qin told Blinken to respect China's core concerns, such as the Taiwan issue, in an effort to arrest declining relations between the superpowers, according to China's foreign ministry. Chinese state media said he was due to visit China on June 18-19. Blinken cancelled a planned trip to Beijing in February over a suspected Chinese spy balloon that flew over the United States. The Chinese foreign ministry has not yet revealed any other information on Blinken's upcoming trip.

Persons: Antony Blinken, Mandel Ngan, Qin Gang, Antony Blinken's, Qin, Blinken, Joe Biden's, Bernard Orr, John Geddie, Muralikumar Anantharaman, Lincoln, Alex Richardson Organizations: State Department, REUTERS, U.S, Thomson Locations: Washington , U.S, United States, Beijing, Taiwan, U.S, China, Britain, Washington's

☆ Wildfire smoke: Should people still be worried about health effects? Our medical analyst explains
▼ + stars: | 2023-06-13 | by ( Katia Hetter | ) edition.cnn.com time to read: +6 min

More than 75 million people in the eastern US were under air quality alerts as wildfire smoke shrouded major cities. People with chronic lung and heart conditions should continue to monitor air quality, CNN Medical Analyst Dr. Leana Wen said. CNN: What are the short-term health effects of wildfire smoke inhalation? And there is research that has linked wildfire smoke exposure events to an increase in influenza months later, suggesting that there could be lagging effects. CNN: If people were exposed for a few days to bad air quality, should they be worried about long-term consequences?

Persons: Leana Wen, Wen, we’ve, Mandel Ngan Organizations: CNN, UN, Program, George Washington University Milken Institute School of Public Health, Getty Locations: Canada, York, Washington, AFP

The North Lawn of the White House in Washington, DC, on November 18, 2022. Mandel Ngan/AFP/Getty Images/FileThe White House is declining to comment on reports that former President Donald Trump has been indicted. Biden upheld that very notion earlier on Thursday when he was asked what he would tell Americans to convince them that they should trust the independence and fairness of the Justice Department. “Because you’ll notice, I have never once, not one single time, suggested to the Justice Department what they should do or not do on whether to bring any charges or not bring any charges. I’m honest,” Biden said.

Persons: Mandel Ngan, Donald Trump, Ian Sams, Justice Department —, “, Joe Biden, Biden, ” Biden Organizations: White, Getty, Justice Department, Department of Justice Locations: Washington ,, AFP

☆ Meet Jensen Huang, the 60-year-old cofounder of chipmaker Nvidia, whose wealth has more than doubled this year to nearly $35 billion thanks to the AI boom
▼ + stars: | 2023-05-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Nvidia CEO and cofounder Jensen Huang's fortune soared by almost $7 billion billion last week to hit nearly $35 billionJensen's Huang net worth surged last week on the back of a boost in Nvidia's stock price. Consequently, Nvidia CEO Jensen Huang's net worth soared by almost $7 billion last week, per Bloomberg Billionaires Index. The stock extended its gains on Friday, sending Huang's net worth to touch nearly $35 billion. Huang owns 86.9 million Nvidia shares, or about 3.5% of the Santa Clara-based chipmaker, per the company's 2023 annual report. So far this year, Huang's net worth has risen by $21.1 billion, per Bloomberg — now making him the 37th richest person in the world.

☆ How companies should prepare for a possible US default
▼ + stars: | 2023-05-22 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

“Companies need to have a plan.”Figure out exposure to government fundsSome companies may not be immediately impacted by a default. White recommends companies in those industries, especially, hold regular meetings to figure out a plan in case payments are delayed. JPMorgan Chase CEO Jamie Dimon told Bloomberg earlier this month that the bank was holding weekly meetings to prepare for a possible default. But until then, companies “need to know, can we last until that point? Companies should also be as efficient as possible so they’re not spending more than they need to, she said.

☆ FBI Disables Malware Russia Allegedly Used to Steal Documents from NATO Allies
▼ + stars: | 2023-05-09 | by ( Aruna Viswanatha | ) www.wsj.com time to read: 1 min

Federal Bureau of Investigation headquarters in Washington. Photo: mandel ngan/Agence France-Presse/Getty ImagesU.S. authorities said they disabled a piece of malware Russia’s intelligence agency has allegedly used for two decades to steal documents from NATO-allied governments and others, in an operation that highlights the FBI’s increasing efforts to go beyond arresting hackers and find new ways to disrupt cyberattacks. In an affidavit filed in federal court in Brooklyn unsealed Tuesday, a Federal Bureau of Investigation agent said the bureau had identified a long-running cyber espionage campaign by officers in a unit of Russia’s Federal Security Service, or FSB, to take documents from other governments’ defense and foreign ministries, journalists and others, and route them through infected computers in the U.S. to cover their tracks.

☆ Why GM is killing the Chevy Bolt — America's cheapest EV — amid record sales
▼ + stars: | 2023-04-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +8 min

In this article GM Follow your favorite stocks CREATE FREE ACCOUNTA Chevrolet Bolt EUV on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBCDETROIT — After years of lackluster performance and a fire-provoked recall, the all-electric Chevrolet Bolt EV was finally gaining traction for General Motors . The Bolt EV would start at $26,595, followed by the Bolt EUV at $28,195. A 2019 Chevrolet Bolt EV caught fire at a home in Cherokee County, Georgia on Sept. 13, 2021, according to the local fire department. Cherokee County Fire DepartmentStill, GM touted the Bolt EV as proof of the concept for its electric-powered future.

☆ Fewer cars qualify for $7,500 EV tax credit. Here are 2 alternatives
▼ + stars: | 2023-04-18 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

A $4,000 tax credit for used EVswatch nowThe Inflation Reduction Act also created a tax credit for consumers who buy used electric or fuel-cell vehicles. The tax break for used cars, which took effect this year, is worth $4,000 or 30% of the sale price, whichever is less. Those income limits are "much lower" than the one that applies to the $7,500 tax credit for new vehicles, said Katherine Breaks, a managing director in KPMG's tax credit and energy advisory services group. "If I don't have $4,000 of tax liability, what's the tax credit worth to me? A tax break for leased EVsAlternatively, consumers also appear poised to get a tax break worth up to $7,500 for leasing new electric passenger vehicles.

☆ From Mike Lindell to OAN, here's everyone Dominion and Smartmatic are suing over election conspiracy theories so far
▼ + stars: | 2023-04-18 | by ( Grace Dean | Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

Sidney Powell by Dominion and SmartmaticAttorney Sidney Powell at a Trump Campaign press conference. Despite being purged from Trump's "Elite Strike Force" legal team Powell used her false theories as the premise of four federal lawsuits seeking to overturn the election result. The falsehoods from Powell and Rudy Giuliani, another conspiracy theorist attorney hired by Trump to challenge his election loss, formed the basis for Dominion's lawsuit against Fox. Smartmatic filed a defamation lawsuit against Powell a month after Dominion did, suing her at the same time it sued Rudy Giuliani, a fellow conspiracy theorist, and Fox News. The company claimed that Powell and Giuliani used right-wing media outlets like Fox News to make their conspiracy theories go viral.

☆ Dominion’s case against Fox News goes to trial next week. Is the First Amendment really on the line?
▼ + stars: | 2023-04-16 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +21 min

But even by the standards of the profession, the language in Dominion's $1.6 billion lawsuit against Fox News has been downright apocalyptic. A victory for Dominion against Fox, they say, could wreak havoc for other journalism organizations across the country. The sheer closeness between Trump and Fox News makes a case like this unlikely to harm journalism organizations down the line, Goodale said. The vast majority of defamation cases against media organizations are settled, which gives few high-profile precedents to the Dominion lawsuit. "And that's the balance that the Sullivan court strike tried to strike in 1964.

☆ Racial Disparities are worsening disaster recovery for people of color. With climate change, things could get worse
▼ + stars: | 2023-04-14 | by ( Lauren Lee | ) edition.cnn.com time to read: +13 min

Rolling Fork, Mississippi suffered massive damage from a powerful tornado on March 24. Racial disparities existed in Rolling Fork for decades. She started I-DIEM after spending over 14 years in disaster management. Shirley Stamps stands in the rubble of her home in the aftermath of the Rolling Fork tornado. And increasingly, non-profits are doing things differently to address racial disparities in disaster management.

☆ GOP's early 2024 pickle: Support 1 of 3 minority candidates for president or stick with the aggrieved white guy who could be a convicted felon by Election Day
▼ + stars: | 2023-04-12 | by ( Warren Rojas | ) www.businessinsider.com time to read: +5 min

Republican Sen. Tim Scott has inched closer to challenging Donald Trump in 2024. Current polling casts Trump, who is battling multiple investigations, as the odds-on favorite. Market research firm Morning Consult shows both Scott and Ramaswamy polling at only 1%, and Haley polling at 4%. And that's after he was arraigned on 34 counts of falsifying business records, charges Trump and his House GOP defenders assert are politically motivated. "Our divisions run deep, and the threat to our future is real," Scott said of the existential crisis at hand.

☆ House GOP's attempt to shut down Alvin Bragg is unlikely to save Trump but could serve despots in training, say oversight experts
▼ + stars: | 2023-04-08 | by ( Warren Rojas | ) www.businessinsider.com time to read: +7 min

Donald Trump's formal arraignment in Manhattan criminal court sent House Republicans into a tizzy. Stretton wondered about House Republicans' attempt to defang state prosecutors they consider to be political persecutors. "It's hard to say what overstepping bounds are any more," Davis told Insider. "When you defend somebody before you've even seen the indictment, you're kind of hitching your wagon to all the investigations," Goldberg told Insider. He also warned that spotlight-chasing House Republicans risk drowning in unfinished business at the end of the term by floating new Biden-focused inquiries "every couple of weeks."

Stock Chart Icon Stock chart icon Nvidia's stock performance year to date. Stock Chart Icon Stock chart icon Meta's stock performance year to date. Stock Chart Icon Stock chart icon Devon Energy's stock performance year to date. Stock Chart Icon Stock chart icon Johnson & Johnson's stock performance year to date. Stock Chart Icon Stock chart icon Honeywell's year to date stock performance.

☆ Premarket stocks: Jerome Powell's testimony sent markets reeling. That may be a good thing
▼ + stars: | 2023-03-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Federal Reserve Chairman Jerome Powell on Tuesday cleared the way for larger interest rate hikes at this month’s central bank policy meeting, sending markets into a tailspin. The S&P 500 fell 1.5%, the Dow dropped 575 points, or 1.7%, and the tech-heavy Nasdaq composite ended 1.3% lower. After Powell’s testimony, market expectations for a half-percentage point rate hike spiked. If inflation fails to continue falling, he said, the Fed will keep trying to cool things down by raising rates. Even if Powell was sure that January’s economic data was a fluke, he still wants to maintain the Fed’s credibility.

Wray's comments Tuesday came after Baier noted that the Energy Department had cited the FBI's earlier findings in its report. A Chinese Foreign Ministry spokesperson, Mao Ning, said earlier Tuesday that China has "always been open and transparent" about Covid. In its assessment, the Energy Department also described the "likely" laboratory-related leak as an "accident," the official added. The Energy Department is one of 18 government departments and agencies that make up the U.S. intelligence community. Sen. Tim Kaine, D-Va., said, "China obviously is very threatened by this," but "the lab leak story is not anti-Chinese.

☆ Meet the $10,000 Nvidia chip powering the race for A.I.
▼ + stars: | 2023-02-23 | by ( Kif Leswing | ) www.cnbc.com time to read: +8 min

Powering many of these applications is a roughly $10,000 chip that's become one of the most critical tools in the artificial intelligence industry: The Nvidia A100. The A100 is ideally suited for the kind of machine learning models that power tools like ChatGPT, Bing AI, or Stable Diffusion. Huang, Nvidia's CEO, said in an interview with CNBC's Katie Tarasov that the company's products are actually inexpensive for the amount of computation that these kinds of models need. "We took what otherwise would be a $1 billion data center running CPUs, and we shrunk it down into a data center of $100 million," Huang said. Huang said that Nvidia's GPUs allow startups to train models for a much lower cost than if they used a traditional computer processor.

☆ Biden's semiconductor push has states jockeying for federal cash
▼ + stars: | 2023-01-29 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +10 min

The prospect of that much cash has sparked a scramble among states to pitch themselves as the best place to spark a semiconductor boom. In anticipation of the federal funds, semiconductor companies have already been making billions of dollars in commitments. President Joe Biden arrives for a ceremony at the groundbreaking of the new Intel semiconductor manufacturing facility near New Albany, Ohio, on Sept. 9, 2022. The Taiwan Semiconductor Manufacturing Co. facility under construction in Phoenix, on Dec. 6, 2022. But scaling up a U.S. semiconductor industry in a matter of years rather than decades is rife with challenges, said industry leaders.

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