Tag: Supply Chain

U.S. Awards $1.5 Billion to Chipmaker GlobalFoundries

The grant will go toward chips for the auto and defense industries, and is the largest award to date from $39 billion in government funding.

Volkswagen and BASF Are Reconsidering Ties to Xinjiang, China

Volkswagen and BASF, two German giants, are reassessing their activities in the region, where the Chinese government has cracked down on Muslim minorities.

Red Sea Attacks Leave Shipping Companies With Difficult Choices

Attacks on two dozen ships since November are forcing shipping lines to figure out whether and when to skip the Suez Canal and send vessels on longer voyages around Africa.

U.S. Awards Chip Supplier $162 Million to Bolster Critical Industries

The Biden administration said its second grant under a new program would help Microchip Technology expand its facilities in Oregon and Colorado.