Tag

Onshoring

All articles tagged with #onshoring

business19 days ago•3 min saved

Taiwan refutes U.S. plan to relocate nearly half its chip supply chain

Taiwan’s top trade official called Washington’s bid to move 40% of the island’s semiconductor supply chain to the U.S. 'impossible,' arguing the mature ecosystem cannot be relocated. The stance comes as Taiwan and its chip giant TSMC continue expanding in the U.S. under CHIPS Act incentives, despite analysts’ view that relocating such a complex supply chain is impractical due to costs, labor constraints, and geopolitical considerations like the Silicon Shield.

via CNBC|

#business #lutnick #onshoring

business1 month ago•1 min saved

US backs USA Rare Earth with $1.6B investment for 10% stake to boost domestic minerals

The Financial Times reports the United States will invest $1.6 billion for a 10% stake in Oklahoma-based USA Rare Earth (16.1 million shares plus warrants for 17.6 million at $17.17) and pair it with a separate $1 billion private financing, as part of a broader push to onshore critical minerals for the semiconductor supply chain. The deal would support USA Rare Earth's Sierra Blanca, Texas mine and Stillwater, Oklahoma magnet facility with first-half 2026 commercial operation targeted; Cantor Fitzgerald is leading the fundraising.

via CNBC|

#business #government-investment #onshoring

business1 month ago•1 min saved

GM Moves Buick Compact SUV Production to U.S. Beginning 2028

GM says the next-generation Buick compact SUV will be built in the United States at Fairfax Assembly in Kansas City, Kansas, starting in 2028 for domestic sales, while production in China may continue for other markets. The shift aligns with U.S. pressure to onshore manufacturing amid tensions with China and tariffs; the Buick Envision has been produced in China for the U.S. since 2017, and the new model will join the Chevrolet Equinox at Fairfax after Bolt production ends, with GM highlighting roughly $5.5 billion in recent U.S. manufacturing investments to support jobs.

via CNBC|

#buick #business #fairfaxassembly

business4 months ago•1 min saved

President Trump Boosts U.S. Manufacturing and Jobs Amid Strategic Shifts

Under President Trump, the U.S. manufacturing sector is experiencing a significant boom with billions in investments from major corporations like Stellantis, Whirlpool, and GE Aerospace, leading to thousands of new jobs and a focus on revitalizing American industry and economic dominance.

via The White House (.gov)|

#american-economy #business #investment

technology7 months ago•4 min saved

Nvidia CEO Advocates for U.S. Manufacturing and Reduced Foreign Dependence

Nvidia CEO Jensen Huang advocates for the US to reduce dependency on foreign countries by investing in onshore manufacturing and AI technology, emphasizing the importance of domestic industry for economic stability and growth, while also discussing AI's potential in healthcare and physical applications. He highlights the need for global standards and safety practices in AI development.

via CNN|

#ai-investment #nvidia #onshoring

business8 months ago•1 min saved

Texas Instruments to Invest $60 Billion in U.S. Semiconductor Manufacturing

Texas Instruments announced plans to invest over $60 billion in U.S. manufacturing, including building or expanding seven chip facilities in Texas and Utah, creating 60,000 jobs, and marking the largest investment in foundational semiconductor manufacturing in U.S. history, as part of a broader industry push to reshore chip production amid political and economic pressures.

via CNBC|

#business #chip-manufacturing #onshoring