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National Security Review

All articles tagged with #national security review

business2 years ago•0 min saved

"Long-Term Review: Biden Administration Probes US Steel Deal Amid Resistance"

The US national security review of Nippon Steel Corp.’s acquisition of United States Steel Corp. is anticipated to last until late 2022 or possibly extend into 2025, a longer timeline than publicly indicated by the companies. The Committee on Foreign Investment in the US, which has the authority to approve, block, or modify the deal on national security grounds, is currently in the early stages of its evaluation.

via Bloomberg|

#business #committee-on-foreign-investment-in-the-us #national-security-review

business2 years ago•0 min saved

Micron invests $600M in China plant despite geopolitical tensions.

Despite being banned from critical infrastructure projects in China, U.S. chipmaker Micron has announced plans to invest over $600 million in a packing and testing factory in Xi'an. The investment will be used to acquire equipment and add a new factory at the facility over the next few years. Last month, China's cybersecurity watchdog said Micron had failed a national security review, telling operators of "critical information infrastructure" to stop buying its products.

via The Japan Times|

#business #china #chipmaker