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☆ China says it will back global consensus on AI amid tech clash with U.S.
▼ + stars: | 2023-11-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

The UK Government are hosting the AI Safety Summit bringing together international governments, leading AI companies, civil society groups and experts in research to consider the risks of AI, especially at the frontier of development, and discuss how they can be mitigated through internationally coordinated action. His comments were delivered at the U.K.'s AI safety summit, which officially kicked off Wednesday at Bletchley Park, England. Wu Zhaohui, China's vice minister of science and technology, said the country was willing to "enhance dialogue and communication in AI safety with all sides." That has placed significant pressure on China's generative AI developers, many of which rely on Nvidia's chips. Raimondo also said the U.S. would look to launch an AI safety institute, hot on the heels of the U.K announcing its own intentions for a similar initiative last week.

Persons: Gina Raimondo, Michelle Donelan, China Wu Zhaohui, Leon Neal, Getty, Wu Zhaohui, Raimondo Organizations: State for Science, Innovation, Technology, Science, AI, Bletchley Park, Government, U.S, Bletchley, Union, U.S . Department of Commerce, U.K Locations: BLETCHLEY, ENGLAND, China, Bletchley , England, Beijing, Bletchley Park, England, U.S . China, U.S, Bletchley

☆ U.S. to launch its own AI Safety Institute - Raimondo
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

[1/2] U.S. Commerce Secretary Gina Raimondo speaks on Day 1 of the AI Safety Summit at Bletchley Park in Bletchley, Britain on November 1, 2023. The UK Government are hosting the AI Safety Summit bringing together international governments, leading AI companies, civil society groups and experts in... Acquire Licensing Rights Read moreBLETCHLEY PARK, England, Nov 1 (Reuters) - The United States will launch a U.S. AI Safety Institute to evaluate known and emerging risks of what is called "frontier" artificial intelligence models, Secretary of Commerce Gina Raimondo said on Wednesday. "I will almost certainly be calling on many of you in the audience who are in academia and industry to be part of this consortium," she said in a speech to the AI Safety Summit in Britain. Raimondo added that she would also commit for the U.S. institute to establish a formal partnership with the United Kingdom Safety Institute. Reporting by Paul Sandle; writing by Kate Holton; editing by William JamesOur Standards: The Thomson Reuters Trust Principles.

Persons: Gina Raimondo, Raimondo, Paul Sandle, Kate Holton, William James Our Organizations: . Commerce, AI, Bletchley, Government, AI Safety, Summit, U.S, United Kingdom Safety Institute, Thomson Locations: Bletchley, Britain, BLETCHLEY, England, United States, U.S

☆ Biden will meet with China's Xi Jinping next month, White House says
▼ + stars: | 2023-10-31 | by ( Amanda Macias | ) www.cnbc.com time to read: +3 min

China's President Xi Jinping and U.S. President Joe Biden at the G20 Summit in Nusa Dua on the Indonesian island of Bali on Nov. 14, 2022. WASHINGTON — President Joe Biden will meet with Chinese President Xi Jinping next month, the White House announced on Tuesday. "Intense competition means intense diplomacy," White House press secretary Karine Jean-Pierre said at a press briefing. Read more: White House restricts U.S. investment in some Chinese tech, citing national security concernsThe meeting comes as the White House works to rush security assistance and humanitarian aid to Israel amid an intensifying conflict with Hamas. Earlier this month, Xi and Putin met in Beijing to discuss additional ways to deepen their relationship.

Persons: Xi Jinping, Joe Biden, Karine Jean, Pierre, Jean, Janet Yellen, Antony Blinken, Gina Raimondo, Bill Burns, Jake Sullivan, John Kerry, Read, Trump, Xi, Vladimir Putin's, Biden, Putin, Volodymyr Zelenskyy Organizations: WASHINGTON, White, Economic Cooperation, National, Hamas, . Locations: Nusa Dua, Indonesian, Bali, Asia, San Francisco, China, Israel, U.S, Ukraine, Russian, Beijing, Russia, United States, Iran, North Korea

☆ Commerce Secretary Gina Raimondo talks AI executive order, semiconductor controls
▼ + stars: | 2023-10-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCommerce Secretary Gina Raimondo talks AI executive order, semiconductor controlsWatch CNBC's Morgan Brennan's full exclusive interview with Commerce Secretary Gina Raimondo, including what's next for AI and semiconductor controls on China.

Persons: Gina Raimondo, CNBC's Morgan Brennan's, what's Organizations: Email Locations: China

☆ Sec. Gina Raimondo: The Commerce Department will play a central role in controlling AI chips
▼ + stars: | 2023-10-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSec. Gina Raimondo: The Commerce Department will play a central role in controlling AI chipsGina Raimondo, Commerce Secretary, joins 'Closing Bell Overtime' to talk the Biden Administration's latest executive order on AI chips, Chinese AI risks, the ongoing UAW strike and more.

Persons: Gina Raimondo Organizations: Commerce Department, Biden, UAW

There were also "frank exchanges" between Blinken and Wang over the erupting conflict in the Middle East. The key area that appeared to show some positive momentum was toward an expected meeting between Biden and Xi on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit next month in San Francisco. "We are making preparations for such a meeting," said one of the senior administration officials briefing reporters on condition of anonymity. "China attaches importance to the U.S. side's hopes of stabilizing and improving U.S. ties with China," Wang was quoted as saying in his meeting with Biden. On Thursday, Wang told Blinken that the two countries have disagreements and need "in-depth" and "comprehensive" dialogue to reduce misunderstandings and stabilize ties.

Persons: Wang Yi, Antony Blinken, Elizabeth Frantz, Joe Biden, Xi Jinping, Biden, Jake Sullivan, Wang, Xi, Blinken, Sullivan, side's, Janet Yellen, Gina Raimondo, Yellen, Raimondo, Thomas Shoal, Humeyra Pamuk, Michael Martina, Steve Holland, Jonathan Oatis, Navaratnam, Raju Gopalakrishnan Organizations: Foreign, U.S, State Department, REUTERS, Rights, Economic Cooperation, Blinken, Thomson Locations: Washington , U.S, U.S, China, Washington, East, South China Sea, Taiwan, Asia, San Francisco, Francisco, Beijing, China . U.S, Israel, Iran, South, East China, Philippine

Those meetings could set the stage for a summit between President Joe Biden and Chinese President Xi Jinping next month on the sidelines of an Asia-Pacific Economic Cooperation forum leaders gathering in San Francisco. Political Cartoons View All 1218 ImagesIn the months that followed that crisis, however, Blinken rescheduled his trip and went to China in June. The Chinese president last came to the U.S. in 2017, when former President Donald Trump hosted him at his Mar-a-Lago resort in Florida. The Chinese president told the governor that “the achievements of China-U.S. relations have not come easily and should be cherished all the more,” according to the official news agency Xinhua. It deteriorated further over a range of issues, including rights abuses, the South China Sea, Taiwan, technology and the COVID-19 pandemic.

Persons: Wang Yi, Antony Blinken, Jake Sullivan, Joe Biden, Xi Jinping, Blinken, Janet Yellen, John Kerry, Gina Raimondo, Sullivan, Wang, Han Zheng, Biden, “ Wang Yi’s, Ryan Hass, John L, ”, Yun Sun, Xi, “ Wang, ” Sun, ” Scott Kennedy, Kennedy, Donald Trump, Gavin Newsom, Chuck Schumer, Schumer, Trump Organizations: WASHINGTON, —, Hamas, Economic Cooperation, Ukraine, General Assembly, Biden, Thornton China Center, Brookings Institute, China Program, Stimson Center, San, APEC, Center for Strategic, International Studies, Chinese Foreign Ministry, U.S . California Gov, Xinhua Locations: East, Europe, U.S, China, Washington, Israel, Russia, Ukraine, Asia, San Francisco, The U.S, Taiwan, South, North Korea, Malta, New York, Lago, Florida, Bali , Indonesia, Beijing, South China Sea

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsWASHINGTON, Oct 23 (Reuters) - Officials from the United States and China on Monday held a two-hour long virtual meeting to discuss domestic and global macroeconomic developments, the U.S. Treasury Department said, calling the meeting "productive and substantive". U.S. and Chinese officials also raised "areas of concern," statements from the two sides said, without elaborating. The meeting was led by senior officials from the U.S. Treasury Department and China's finance ministry. The EWG was launched last month following U.S. Treasury Secretary Janet Yellen's trip to Beijing in July. China's top diplomat will travel to the United States later this week to meet Blinken.

Persons: Dado Ruvic, Joe Biden, Xi Jinping, Janet Yellen's, Antony Blinken, Gina Raimondo, Blinken, Han Zheng, Jake Sullivan, Wang Yi, Kanishka Singh, Liz Lee, Ethan Wang, Christian Schmollinger Organizations: REUTERS, Rights, U.S . Treasury Department, Economic, Treasury Department, Treasury, U.S . National, Thomson Locations: United States, China, Taiwan, San Francisco, People's Republic of China, U.S, Beijing, Yellen, New York, Malta, China's, Washington

REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsOct 23 (Reuters) - Jason Andringa’s company was part of the stampede of U.S. businesses that built factories in China. But the mood of Vermeer and many other global producers has turned sour on China. Rather than expand in China, these companies are directing new investments to other low-cost countries such as Vietnam and India. Ryan Gunnigle, CEO of Atlanta-based toy maker Kids2, said he is continuing to invest in his China factories, adding both automation and new capacity. The CEO of Danby Appliances, a Canadian company that sells over half of its products in the U.S., got 85% of its goods from Chinese factories five years ago.

Persons: Lucy Nicholson, Jason Andringa’s, Vermeer, Biden, Joe Biden, Xi Jinping, Gina Raimondo, Matt Dollard, Ryan Gunnigle, Kids2, Jim Estill, He’s, Danby, Timothy Aeppel, Anna Driver Organizations: Port, REUTERS, U.S ., U.S, Nvidia, Wall Street, U.S . Bureau, China Business Council, Reuters, Asia Pacific Economic Cooperation, Trump, RSM US, Appliances, Thomson Locations: Port of Long Beach, Port of Los Angeles, Los Angeles , California, U.S, China . Iowa, China, Mexico, Asia, San Francisco, Beijing, Washington, Taiwan, Vietnam, India, Atlanta, Canadian, Turkey, Canada

☆ White House announces 31 tech hubs to focus on AI, clean energy and more
▼ + stars: | 2023-10-23 | by ( Megan Lebowitz | ) www.cnbc.com time to read: +2 min

WASHINGTON — The White House on Monday announced it is designating 31 technology hubs in an effort to improve American competitiveness in the technology sector. The hubs will be able to compete for $40 million to $75 million each in grants, the White House said. The move was authorized under the CHIPS and Science Act, the White House said, which President Joe Biden frequently touts as a highlight of his economic agenda. It also authorized $10 billion to invest in technology hubs nationwide, according to the administration. The hubs focus on a wide range of technological areas, including quantum computing, artificial intelligence, clean energy, medicine and biotechnology.

Persons: Joe Biden, WASHINGTON —, Gina Raimondo, Biden Organizations: U.S . House, Senate, White, WASHINGTON, . Economic Development Administration, U.S . Economic Development Administration Locations: Washington , U.S, U.S, Puerto Rico

☆ Biden administration picks 31 regional tech hubs to spur US innovation
▼ + stars: | 2023-10-23 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Commerce Secretary Gina Raimondo told reporters the program aimed to diversify the United States away from its traditional tech hubs like Silicon Valley, Seattle and Boston. White House National Economic Director Lael Brainard said the regional tech program makes "smart public investments in critical technologies in every region of the country." The designated regional tech hubs are in places like Montana, Wisconsin, upstate New York, Vermont, Nevada, Illinois and Puerto Rico, and are focused on areas including semiconductors, clean energy, critical minerals, biotechnology, artificial intelligence and quantum computing. Raimondo said the administration next year plans to award about five to 10 of the 31 tech hubs up to $75 million each. Biden this year asked Congress for $4 billion to fund additional regional tech hubs.

Persons: Gina Raimondo, Antony Blinken, Leah, " Raimondo, Joe Biden's, Lael Brainard, Biden, Raimondo, David Shepardson, Jamie Freed Organizations: . Commerce, U.S, State Department, REUTERS, U.S . Commerce Department, White, National, Thomson Locations: U.S, Mexico, Washington , U.S, WASHINGTON, United States, Silicon Valley, Seattle, Boston, Montana , Wisconsin, New York , Vermont , Nevada , Illinois, Puerto Rico, Washington, Idaho, Oklahoma, Wisconsin, China

☆ Biden aims to boost investment in clean energy, biotech, semiconductors with tech hubs
▼ + stars: | 2023-10-23 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

The creation of the tech hubs was authorized through the CHIPS and Science Act, which Biden signed into law last year. Raimondo in May announced the launch of the tech hub program with the aim of dispersing $500 million in grants. Tech hubs are going to bring this work to where people live in communities all across America." The hubs are focused on fostering innovation across industries including clean energy, artificial intelligence, semiconductors, biotechnology, medicine, quantum computing and critical minerals. "These tech hubs will be transformational and they're a part of a long line of transformational investment we've made since I took office," Biden said.

Persons: Joe Biden, Eisenhower, WASHINGTON —, Biden, Gina Raimondo, Raimondo, May Organizations: WASHINGTON, Monday, White, Commerce, Tech Locations: Puerto Rico, America, San Francisco , New York, Boston, Austin, U.S, Oklahoma , Massachusetts, Colorado , Ohio, South Carolina, Washington , Alabama, Pennsylvania

(AP) — The Biden administration is designating 31 technology hubs touching 32 states and Puerto Rico to help spur innovation and create jobs in the industries that are concentrated in these areas. President Joe Biden is set to announce the hubs on Monday at the White House with Commerce Secretary Gina Raimondo. The tech hubs are the result of a process Raimondo's department launched in May to distribute a total of $500 million in grants to cities. The White House has sought to elevate that message and highlight Biden's related policies as the Democratic president undertakes his 2024 reelection bid. “These Tech Hubs will catalyze investment in technologies critical to economic growth, national security, and job creation, and will help communities across the country become centers of innovation critical to American competitiveness,” the White House said Monday in an emailed statement.

Persons: —, Biden, Joe Biden, Gina Raimondo, “, Raimondo, ”, Seattle — Organizations: White, Seattle, Regional Technology, Innovation, Democratic, “, Tech Locations: REHOBOTH BEACH, Del, Puerto Rico, — Austin , Texas, Boston ; New York, San Francisco, Oklahoma, Rhode Island , Massachusetts, Montana , Colorado , Illinois , Indiana , Wisconsin, Virginia , New Hampshire , Missouri , Kansas , Maryland , Alabama, Pennsylvania, Delaware , New Jersey , Minnesota , Louisiana , Idaho , Wyoming, South Carolina , Georgia, Florida , New York , Nevada , Missouri , Oregon , Vermont , Ohio, Maine, Washington

[1/2] California Governor Gavin Newsom speaks at an event for the second year of the Roybal School of Film and Television Production Magnet at the Edward R. Roybal Learning Center in Los Angeles, California, U.S., October 13, 2023. "As two of the world’s largest economies, our partnership is essential to delivering climate action for our communities and beyond," Newsom said in a statement on Wednesday. Newsom has been building up a national profile as a voice for stringent climate action, most recently gaining applause at the United Nation's Climate Ambition Summit last month for a speech railing against oil companies' climate policy obstruction. China, the world's largest methane emitter, has yet to release details of its planned methane reduction strategy despite encouragement from Kerry's team to do so. The governor also plans to tour Tesla’s Shanghai Gigafactory, which produces the largest number of electric vehicles in the world.

Persons: Gavin Newsom, Edward R, Mario Anzuoni, Gavin Newsom's, Janet Yellen, Antony Blinken, John Kerry, Gina Raimondo, Newsom, Kerry, Valerie Volcovici, Deborah Kyvrikosaios Organizations: California, Roybal, of Film, Learning, REUTERS, Rights, United, Ambition, Shanghai, Thomson Locations: Los Angeles , California, U.S, California, China, Beijing, Hong Kong, Shanghai, Jiangsu

BEIJING (AP) — China vigorously protested Wednesday the U.S. Commerce Department’s latest update of export controls to prevent exports to China of advanced computer chips and the equipment to make them. The updates also introduce new requirements that make it harder for China to manufacture advanced chips in other countries. The list of manufacturing equipment that falls under the export controls also was expanded, among other changes. In an August meeting, Raimondo and her Chinese counterparts agreed to exchange information about the export controls. The two leaders met last year following the Group of 20 summit in Bali, Indonesia, shortly after the export controls were announced.

Persons: “, Gina Raimondo, ”, Raimondo, Joe Biden, Xi Jinping Organizations: BEIJING, U.S . Commerce, China’s Commerce Ministry, Chinese Commerce Ministry, . Commerce, Economic Cooperation Locations: China, Washington, U.S, Beijing, Macao, Asia, San Francisco, Bali , Indonesia

The original rules had sought to hamper China’s ability to procure advanced computing chips and manufacture advanced weapons systems. Not all chipsRaimondo, who visited China in August, said the administration was “laser-focused” on slowing the advancement of China’s military. Chips used in phones, video games and electric vehicles were purposefully carved out from the new rules, according to senior administration officials. In recent months, the United States has enlisted its allies in Europe and Asia in restricting sales of advanced chipmaking equipment to China. In July, Beijing hit back by imposing its own curbs on exports of germanium and gallium, two elements essential for making semiconductors.

Persons: Washington CNN —, Biden, Gina Raimondo, Raimondo, Mao Ning, chipmakers, “, ”, ASML Organizations: Washington CNN, US Commerce Department, Washington, Ministry, Biden, United States, Nvidia, Intel, AMD, United Arab, ” Nvidia, Semiconductor Industry Association, US Department of Commerce, Biren Technology, CNN Locations: China, Hong Kong, Washington, Macao, United States, Iran, Russia, Beijing, United, Europe, Asia, Saudi Arabia, United Arab Emirates, Vietnam, Dutch

Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. Reuters reported in June that the very AI chips barred by prior regulations could be purchased from vendors in China's Shenzhen. AI capabilities, aided by supercomputing and advanced chips, improve the speed and accuracy of military decision-making, planning and logistics, according to the regulations released Tuesday. LICENSING EXPANDEDThe new measures also expand licensing requirements for exports of advanced chips to more than 40 additional countries that present risks of diversion to China and are subject to U.S. arms embargoes. "We don’t think incremental semiconductor equipment restrictions are likely to have significant long term effects" on equipment suppliers, Wolfe Research said in a client note.

Persons: Florence Lo, Biden, Moore, Gina Raimondo, Biren, ASML, Lam, Raimondo, Jake Sullivan, Janet Yellen, Alexandra Alper, Karen Freifeld, Stephen Nellis, David Shepardson, Max A, Chris Sanders, Jamie Freed, Daniel Wallis Organizations: REUTERS, Rights, Nvidia, Beijing, Commerce, Reuters, Georgetown University's Center for Security, Emerging Technology, Xilinx, Intel, supercomputing, HIT, AMD, U.S, Lam, Applied Materials, Wolfe Research, Semiconductor Industry Association, Thomson Locations: China, U.S, Iran, Russia, Beijing, China's Shenzhen, Georgetown, CHINA, Macau, Netherlands

WASHINGTON (AP) — The Commerce Department on Tuesday updated and broadened its export controls to stop China from acquiring advanced computer chips and the equipment to manufacture them. “These export controls are intended to protect technologies that have clear national security or human rights implications,” Commerce Secretary Gina Raimondo said on a call with reporters. Political Cartoons View All 1211 ImagesThe updates also introduce new requirements that make it more difficult for China to manufacture advanced chips abroad. The list of manufacturing equipment that falls under the export controls has also been expanded, among other changes to the policy. The two leaders met last year following the Group of 20 summit in Bali, Indonesia, shortly after the export controls were announced.

Persons: Gina Raimondo, Raimondo, Li Qiang, Joe Biden, Xi Jinping Organizations: WASHINGTON, Commerce Department, Economic Cooperation Locations: China, Macao, U.S, Washington, Taiwan, San Francisco, Asia, Bali , Indonesia, Macau

☆ U.S. Tightens China’s Access to Advanced Chips for Artificial Intelligence
▼ + stars: | 2023-10-17 | by ( Ana Swanson | More About Ana Swanson | ) www.nytimes.com time to read: +1 min

In a call with reporters on Monday, a senior administration official said that the United States had seen people try to work around the earlier rules, and that recent breakthroughs in generative A.I. had given regulators more insight into how the so-called large language models behind it were being developed and used. access to advanced semiconductors that could fuel breakthroughs in artificial intelligence and sophisticated computers that are critical to P.R.C. The Biden administration has been trying to counter China’s growing mastery of many cutting-edge technologies by pumping money into new chip factories in the United States. U.S. officials describe the strategy as protecting American technology with “a small yard and high fence.”

Persons: Gina M, Raimondo, “, it’s, Biden, China’s, Xi Jinping Locations: United States, People’s Republic of China, California, China, U.S

Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. The rules restrict a broader swathe of advanced chips and chipmaking tools to a greater number of countries including Iran and Russia, and blacklist Chinese chip designers Moore Threads and Biren. Nvidia's business has soared since the imposition of last year's rules because its China-only chips are still better than alternatives. LICENSING EXPANDEDThe new measures also expand licensing requirements for exports of advanced chips to more than 40 additional countries that present risks of diversion to China and are subject to U.S. arms embargoes. The Biden administration also hit 21 countries outside China with a licensing requirement for chipmaking tools.

Persons: Florence Lo, Biden, Moore, Gina Raimondo, " Raimondo, Biren, ASML, Raimondo, Jake Sullivan, Janet Yellen, Alexandra Alper, Karen Freifeld, Stephen Nellis, David Shepardson, Max A, Chris Sanders, Jamie Freed, Daniel Wallis Organizations: REUTERS, Rights, Nvidia, Commerce, HIT, AMD, Intel, U.S, Lam Research, Materials, Embassy, Semiconductor Industry Association, Thomson Locations: China, U.S, Beijing, Iran, Russia, United States, CHINA, Macau, Netherlands, Washington

☆ Nvidia stock falls after U.S. announces new restrictions on AI chip exports
▼ + stars: | 2023-10-17 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +1 min

Nvidia and a number of other chipmakers saw shares fall Tuesday morning after the U.S. announced new restrictions on exports of artificial intelligence chips to China. Shares of chip stocks have boomed in the last year due to the increased demand for AI products and services, which is powered by AI chips. The new restrictions on exports to China are a step up from previously announced restrictions on artificial intelligence chips that the Biden administration had implemented over the last year. The new restrictions ban the sale of the slowed-down version of Nvidia chips, the H800 and A800, that were allowed to be exported to China under the old restrictions. Nvidia believes that the increased restrictions will not immediately lead to a material effect on its financial performance.

Persons: Biden, Gina Raimondo Organizations: Nvidia, U.S, Broadcom, Marvell, Intel, U.S . Commerce, CNBC Locations: China, U.S

☆ U.S. curbs export of more AI chips, including Nvidia H800, to China
▼ + stars: | 2023-10-17 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

The U.S. Department of Commerce announced Tuesday that it plans to prevent the sale of more advanced artificial intelligence chips to China in the coming weeks. Those earlier restrictions banned the sale of the Nvidia H100, which is the processor of choice for AI firms in the U.S. such as OpenAI. The new rules will ban those chips as well, senior administration officials said in a briefing with reporters. Other rules will likely hamper the sale and export to China of semiconductor manufacturing equipment from companies such as Applied Materials , Lam and KLA. Companies that want to export AI chips to China or other embargoed regions will have to notify the U.S. government.

Persons: Gina Raimondo, They're, Raimondo, " Raimondo, — CNBC's Kristina Partsinevelos Organizations: Nvidia, U.S . Department of Commerce, Broadcom, Marvell, AMD, Intel, KLA, U.S, CNBC, . Commerce, ., Commerce Department Locations: Santa Clara , California, China, U.S, Macao, United States

☆ Phoenix's big moment: How Mayor Kate Gallego is capitalizing on the 'semiconductor revolution' to establish the next global city
▼ + stars: | 2023-10-12 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Phoenix, Arizona, is the center of the US's burgeoning semiconductor chip industry . "We're still trying to prove ourselves as an important global city," Gallego told Insider. AdvertisementAdvertisementPhoenix's semiconductor industry could face some challengesIn the years ahead, Phoenix's economy and international reputation seem poised to benefit from the semiconductor boom. The first of the two TSMC chip factories has faced construction delays and accusations of management and safety issues. "It is the most complex project that I have seen in our city," Gallego said of TSMC's Phoenix factory.

Persons: isn't, Kate Gallego, —, We're, Gallego, Joe Biden, Gina Raimondo, she's, Patrick Semansky, wasn't, Jacob Zinkula, there's Organizations: Service, Philadelphia, Intel, US, Harvard, Phoenix, . Airlines, Taiwan Semiconductor Manufacturing Company, AP, Deloitte Locations: Phoenix, Arizona, , Arizona, United States, isn't, Taiwan, Asia, New Mexico, South Korea, Japan, California

☆ In Beijing, Schumer urges China to support Israel after Hamas attacks
▼ + stars: | 2023-10-09 | by ( Antoni Slodkowski | ) www.reuters.com time to read: +4 min

BEIJING, Oct 9 (Reuters) - U.S. Senate Majority Leader Chuck Schumer on Monday called on China to support Israel after deadly attacks by Hamas, adding he was "disappointed" that Beijing showed "no sympathy" for the country over the weekend. Schumer is leading a bipartisan congressional delegation to Asia, which includes stops in South Korea and Japan. It aims to advance U.S. economic and national security interests, and in China, the group hopes to meet Chinese President Xi Jinping. [1/5]Visiting U.S. Senate Majority Leader Chuck Schumer, D-N.Y., talks to Chinese Foreign Minister Wang Yi during a bilateral meeting at the Diaoyutai Guest House in Beijing, Monday, Oct. 9, 2023. Communication between U.S. and Chinese officials has increased in recent months, bringing some improvement in ties strained for years over issues such as Taiwan, the origins of COVID-19 and accusations of Chinese spying.

Persons: Chuck Schumer, Schumer, Xi Jinping, ” Schumer, Wang Yi, Wang, Andy Wong, Washington, Republican Mike Crapo, Bill Cassidy, John Kennedy, Maggie Hassan, Jon Ossoff, Biden, Gina Raimondo, Raimondo, Antoni Slodkowski, Bernard Orr, Kim Coghill, Gerry Doyle Organizations: U.S, Fighters, Foreign Ministry, Israel, Foreign, House, REUTERS Acquire, Democratic, Republican, Thomson Locations: BEIJING, China, Israel, Beijing, Egypt, Yom, State, Palestine, Asia, South Korea, Japan, United States, Washington, Taiwan, U.S, Shanghai

☆ Schumer starts China trip amid tension with US, hopes to meet Xi
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +2 min

U.S. Senate Majority Leader Chuck Schumer (D-NY), and other members of the delegation arrive at Shanghai Pudong International Airport in Shanghai, China October 7, 2023. The goal of the trip to Asia, which includes stops in South Korea and Japan, is to advance U.S. economic and national security interests, and in China, the group hopes to meet Chinese President Xi Jinping, U.S. officials said. The trip follows visits by a series of high-level Biden administration officials, including Commerce Secretary Gina Raimondo in August. Other senators on the trip include Republicans Bill Cassidy and John Kennedy and Democrats Maggie Hassan and Jon Ossoff. China welcomes Schumer's visit and hopes it will deepen the U.S. Senate's "objective" understanding of China and facilitate dialogue between the nations' legislative agencies, China's foreign ministry said this week.

Persons: Chuck Schumer, Aly, Xi Jinping, Schumer, Biden, Gina Raimondo, Republican Mike Crapo, Bill Cassidy, John Kennedy, Maggie Hassan, Jon Ossoff, Schumer's, Raimondo, Antoni Slodkowski, Robert Birsel Organizations: International, REUTERS, Rights, U.S, Democratic, Republican, Thomson Locations: Shanghai, China, Washington, Beijing, Asia, South Korea, Japan, U.S, Taiwan, Shanghai's Pudong

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