US Army’s National Media Exploitation Center refocuses on China

US Army’s National Media Exploitation Center refocuses on China

WASHINGTON — U.S. officials plan to downsize the National Media Exploitation Center, a hub coordinating efforts by the FBI, CIA, Defense Intelligence Agency and National Security Agency to analyze documents, video, audio and other sources of information for defense and intelligence distribution, to better position it for future competition with China. “We’re trying to define … Read more

Biden visits TSMC chip factory in Arizona as US chip boom kicks off

Biden visits TSMC chip factory in Arizona as US chip boom kicks off

Photographer: Maurice Tsai/Bloomberg via Getty Images Chip giant Taiwan Semiconductor Manufacturing Co.’s decision to triple its investments in Arizona is part of a nationwide rush to relocate key inputs for the US economy. Driving the news: President Biden visited TSMC’s factory in Arizona on Tuesday to bask in the glow of the announcement. The company … Read more

FTSE muted as China’s COVID easing fails to offset US recession fears

FTSE muted as China’s COVID easing fails to offset US recession fears

The FTSE was muted on Wednesday despite enthusiasm for China’s shift to its strict zero-COVID policy. Photo: Aly Song/Reuters European stock markets lacked enthusiasm on Wednesday morning amid growing fears that monetary tightening by the Federal Reserve could tip the US economy into recession. In London, the FTSE 100 (^FTSE) was flat after the open, … Read more

Taiwan seeks reassurance over TSMC’s commitment to the island despite US investment

Taiwan seeks reassurance over TSMC’s commitment to the island despite US investment

TAIPEI, Dec 7 (Reuters) – Taiwan’s economy minister said on Wednesday the island remained chipmaker TSMC’s most important production base after the company said it would more than triple investment projected at its new plant in Arizona to reach $40 billion. TSMC’s Arizona factory has raised concerns in Taiwan, where semiconductor manufacturing is the backbone … Read more