Sen. Tom Cotton proposed legislation to eliminate diversity, equity, and inclusion requirements in the CHIPS and Science Act to focus on excellence and innovation in STEM workforce.
Senator Joni Ernst criticizes Commerce Secretary Gina Raimondo's plans to quickly spend remaining CHIPs and Science Act funding before President-elect Trump takes office, citing concerns about oversight and fiscal responsibility.
BlackRock CEO Larry Fink believes it will be difficult to reach 2% inflation due to various factors including fiscal stimulus and poor legal immigration policies.
Intel is set to receive up to $8.5 billion in federal grants and potentially $11 billion in loans under the CHIPS Act to support semiconductor manufacturing and research facilities in multiple U.S. states. The company aims to become a leading-edge manufacturer by 2026 and create thousands of jobs through facility construction and chip manufacturing.