US unveils Americas-wide plan to boost semiconductor production

Quick Summary:

The United States is working to compete, mainly through private investment, with massive amounts of money that China is pouring into infrastructure programs in Latin America.

The ministerial meeting was being held as part of the Americas Partnership for Economic Prosperity, a program which President Joe Biden launched two years ago.

He also called for more investment in the Americas to promote the energy transition away from fossil fuels, and recalled that it is the previously stated goal of the 12 countries at this meeting to earmark $3 billion dollars for investment in infrastructure.

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Article Details

Author / Journalist: AFP

Category: Business

Markets: IndiaChinaCosta RicaGermanyMexicoPanamaUnited States

Topics: Latin america Antony blinken Americas Partnership for Economic Prosperity Semiconductor Us china chip war

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 10:06:44 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 527 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 21669917

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 6 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 6 hours ago

Coverage Areas: India

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