XLight, Commerce Department ink $150M CHIPS Act incentives

The Silicon Valley-based startup plans to construct, expand and demonstrate a free-electron laser, which could be essential for manufacturing new, high-performing semiconductor devices.

Nvidia takes $2B stake in Synopsys as part of expanded partnership

By switching to GPU-powered technologies, design and engineering that would take weeks to develop “could now happen in hours,” Nvidia founder and CEO Jensen Huang said on an investor call.

US removes UK pharma tariffs

The proposed exemption, part of a framework deal between the two countries, also covers pharmaceutical ingredients and medical technology.

Tariffs remain heart of uncertainty: PMI

The levies are having the opposite effect on manufacturing sectors such as transportation equipment, which chose to offshore operations rather than expand in the U.S., said ISM.

AstraZeneca to invest $2B in Maryland manufacturing expansion

The move would onshore production of its rare disease products at an existing facility in Frederick and build a clinical research drug factory in Gaithersburg.

Foxconn to spend $569M expanding Wisconsin factory

The investment comes days after the Apple product manufacturer announced a collaboration deal with OpenAI.