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WSJ What’s News

U.S. Details Plans to Bring Chipmaking Back Home

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 23 February 2023

⏱️ 15 minutes

🧾️ Download transcript

Summary

A.M. Edition for Feb. 23. The Biden administration is set to detail plans today to spur the creation of at least two domestic semiconductor manufacturing clusters by 2030 using funds from the $53 billion Chips Act. WSJ trade reporter Yuka Hayashi details the broader effort to bring more chip manufacturing back to the U.S. and what economists make of Washington’s industrial policy. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Factors such as government support and diverse talent pools are crucial to attracting investment

0:05.4

and new business opportunities in the Emirate.

0:07.6

But core to what keeps people in Abu Dhabi is how easily they are able to create a new

0:12.0

home, both professionally and personally.

0:16.0

The US Ways Release of Intel on a Potential Chinese Russian Weapons Transfer

0:24.4

Plus can the US bring back domestic chipmaking?

0:36.1

And the European Commission bans TikTok on staff work devices.

0:44.0

It's Thursday, February 23rd.

0:45.7

I'm Luke Vargas with the Wall Street Journal and here's the AM edition of What's News.

0:51.0

The Top Headlines and Business Stories Moving Your World Today.

1:00.5

We are exclusively reporting that the Biden administration is considering releasing intelligence

1:05.4

that it believes shows that China is weighing the supply of weapons to Russia in support

1:10.9

of the war in Ukraine, according to US officials.

1:14.5

The White House National Security Council declined to comment.

1:19.0

According to US and European officials, Western nations have picked up on intelligence in

1:23.8

recent weeks, indicating that Beijing might end its self-imposed restraint on weapons

1:29.4

supplies to Russia, though it appears China hasn't made a final decision.

1:34.7

A Chinese Foreign Ministry spokesman didn't respond directly when asked whether China

1:39.2

would supply lethal support for Russia's war effort.

1:43.3

The European Union's executive body has told its staff they can no longer use the TikTok

1:48.8

app on work-issue devices that follows similar limited bans affecting state and federal

1:55.0

officials in the United States.

...

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