Category: Manufacturing

SAN FRANCISCO (Reuters) – U.S. officials have earmarked close to $30 billion in subsidies for advanced semiconductor manufacturing, aiming to bring cutting-edge artificial-intelligence chip development and manufacturing to American soil. But with money set to start flowing in the next few weeks, accomplishing that goal is far from certain, industry experts say. The Biden administration…

Manufacturing in China expanded in March after contracting for five consecutive months BEIJING (AP) — Manufacturing in China expanded in March after contracting for five consecutive months, according to an official survey of factory managers released Sunday, suggesting a rebound in industrial activities following the Lunar New Year holiday. The official purchasing managers index, or PMI,…