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Us Supply Chain

All articles tagged with #us supply chain

business3 months ago

Walmart's Annual Open Call Boosts U.S. Supply Chain and Small Business Growth

Walmart is supporting American small businesses and manufacturing through its annual Open Call, awarding Golden Tickets to over 100 entrepreneurs, including Grandma Betty’s Grits, to boost domestic sourcing and reduce reliance on tariffs. The company has committed $350 billion over 10 years to purchase U.S.-made products, aiming to strengthen its supply chain and mitigate risks related to innovation and production. WMT is rated a Strong Buy with a target price of $114.89, suggesting a 12% upside.

via TipRanks|
#american-manufacturing#business#small-businesses
business6 months ago

Pentagon's Investment Sparks 43% Surge in MP Materials Shares

The Pentagon is investing $400 million in MP Materials, making it the company's largest shareholder, to expand U.S. rare earth processing and magnet production, reducing dependence on China. The investment includes preferred shares, a warrant, and guarantees a 10-year purchase commitment, with additional financing from JPMorgan, Goldman Sachs, and a $150 million loan from the Pentagon.

via CNBC|
#business#magnet-manufacturing#mp-materials
world7 months ago

U.S. Accelerates Efforts to Dominate Rare Earth Magnet Market

The US is racing to reduce its dependence on China for rare earth magnets, crucial for high-tech industries, amid supply shortages and geopolitical tensions. Efforts include domestic production initiatives, legislative support, and international partnerships like the proposed joint venture between MP Materials and Saudi Arabia's Maaden, aiming to develop a resilient, integrated supply chain. However, these solutions are long-term, and immediate shortages persist, highlighting the urgent need for diversified sources.

via Axios|
#china#critical-minerals#mp-materials
technology1 year ago

"Biden Administration Allocates $1.5 Billion for GlobalFoundries Chip Plant Expansion"

The Biden administration will provide $1.5 billion to aid in the construction of a new computer-chip factory in New York as part of the Chips and Science Act, aiming to bolster U.S. semiconductor production. The grant will assist GlobalFoundries in building a large-scale fabrication facility and upgrading existing plants, addressing concerns over the nation's reliance on foreign chip manufacturers. The move comes amid global chip shortages and heightened competition, with the U.S. seeking to regain leadership in semiconductor manufacturing and secure its supply chain for critical electronics.

via The Washington Post|
#biden-administration#chip-shortage#globalfoundries