The United States has signed a Security of Supply Arrangement with Estonia, enabling quick industrial acquisitions for both countries to meet urgent defense needs, the Department of Defense announced Friday. Estonia is the 14th country that partnered with the United States under the bilateral, non-binding agreement, which is also designed to solve unforeseen defense capability...
Hello, Guest!
Tag: supply chain
Post
US Looks to Indonesia to Bolster Global Semiconductor Supply Chain
The United States government is partnering with Indonesia to explore opportunities to diversify the global semiconductor supply chain. On Monday, President Joe Biden met with his Indonesian counterpart, Joko Widodo, in Washington for the U.S.-Indonesia Comprehensive Strategic Partnership. During the meeting, the two government heads committed to cooperating on the development of the semiconductor industry...
Post
SIPRI: US Remains World’s Top Arms Supplier, But Production Issues Cut Revenues
The United States continued to dominate the list of the world’s top 100 arms and military services companies, accounting for 51 percent of the sector’s $597 billion revenue in 2022. According to new data from the Stockholm International Peace Research Institute, the 42 U.S. defense companies on the list saw supply chain, labor shortage and...
Post
US, Mexico Agree to Intensify Sharing of Foreign Investment Information
The United States and Mexico have agreed to increase the exchange of information on matters related to foreign investments to protect national security. On Thursday, Janet Yellen, the U.S. secretary of the treasury, signed a memorandum of intent with Rogelio Ramirez de la O, Mexico’s secretary of finance and public credit, to establish a bilateral...
Post
UK Strengthens Sanctions Enforcement Against Russia by Establishing New Office
The United Kingdom is establishing a government organization dedicated to monitoring and strengthening the enforcement of trade sanctions on Russia. Nusrat Ghani, industry and economic security minister, recently announced the creation of the Office of Trade Sanctions Implementation. The OTSI will be responsible for ensuring that companies in the U.K. are adhering to trade sanctions,...
Post
Intel Wins $3.2B Incentives for $25B Israeli Chip Factory
The Israeli government is providing a $3.2 billion incentive for Intel’s new $25 billion chip factory in Kiryat Gat, southern Israel, where the company already has a chip-making facility. According to a statement, Intel’s Israeli plant expansion is an important element in its effort to promote “a more resilient global supply chain,” which also includes manufacturing investments...
Post
US Legislators Want Stronger Trade Actions to Curb China’s Dominance in Legacy Chips
U.S. House lawmakers want stronger actions to curtail China’s continued domination of older-generation microchip manufacturing. In a letter addressed to U.S. government business and trade officials, Reps. Mike Gallagher, R-Wis., and Raja Krishnamoorth, D-Ill., recommended implementing tariffs and other efforts to reduce the overreliance on China for less-advanced semiconductors in use across several industries. The legislators called on...
Post
New UK Treaty With Japan, Italy Advances Global Combat Air Programme’s Stealth Fighter Jet
The U.K. government announced on Thursday that it has signed a treaty with Japan and Italy for the Global Combat Air Programme to advance the development of a next-generation stealth jetfighter. U.K. Defence Secretary Grant Shapps, along with his counterparts, Japan’s Minister Minoru Kihara and Italy’s Minister Guido Crosetto, signed the treaty in Tokyo. GCAP’s...
Post
US, Korea Inaugural Tech Dialog Pinpoints Collaboration Areas
The United States and South Korea identified areas for enhanced cooperation between their governments, industry and academia during the inaugural U.S.-ROK Next Generation Critical and Emerging Technologies dialog held in Seoul on Friday. The collaboration will grant preferential access to U.S. and South Korean researchers on advanced technology nodes to help expand joint research and...