Michigan’s U.S. Senate candidates are running on their records regarding labor and economic policy, but they are opposed on the role of electric vehicles.
Democrat Rep. Elissa Slotkin’s approach to labor policy focuses primarily on supporting domestic manufacturing. Her campaign page says she is focused on “creating jobs with dignity, bringing our supply chains back to America, and protecting the rights of workers.”
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A major Taiwanese chip manufacturer’s plan to build a key factory in the U.S. has been plagued with significant delays. Meanwhile, the chipmaker is on schedule to open a separate facility in Japan.
One of the plants Taiwan Semiconductor Manufacturing Company (TSMC) is building in Arizona has delayed manufacturing until 2027 or 2028 instead of 2026 because of uncertainty regarding funding it will receive from President Joe Biden’s administration, according to The New York Times. TSMC’s factory in Japan is on track to operate on schedule as the country’s government has helped the factory by committing billions in funding and assisting with assembling thousands of employees to build it, the WSJ reported.
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The U.S. Energy Department faces major management challenges ranging from hacking vulnerabilities to foreign espionage and could create “massive new risks to the taxpayer” as it spends tens of billions of dollars in new spending from President Joe Biden’s signature infrastructure initiative, the agency’s internal watchdog warns.
The Office of Inspector General offered a stark assessment of the department under Secretary Jennifer Granholm, pointedly warning losses from fraud in the current infrastructure spending could mirror that seen during the COVID pandemic, where taxpayers now lost an estimated $200 billion government wide.
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Top semiconductor manufacturer Qualcomm announced a new round of layoffs on Wednesday, even after the industry received huge subsidies from the Biden administration, according to The Wall Street Journal.
Qualcomm, a major American producer of semiconductors, announced a new round of layoffs after seeing a 25% decline in its mobile-phone chip business compared to the previous year, according to the WSJ. The semiconductor industry has received huge subsidies from the Biden administration through the CHIPS and Science Act, which was signed into law in August 2022 and included $52 billion in subsidies for domestic semiconductor manufacturers.
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