Its long been thought that 10,000 is the magic number, but could walking 5,000 steps a day be enough to see a benefit . The white house is marking one year since President Biden signed the chips for america legislation. It earmarked 52. 7 million in subisdies for the Semiconductor Industry in the us. The Commerce Department started taking in applications injune for the Subsidy Programme for Us Semiconductor manufacturing and since then, more than 460 companies have expressed interest in the funding. The programme is part of the administrations bid to boost competitiveness with chinas science and technology. The Commerce Department is also tyring to ensure that china doesnt benefit from the subsidies. Adrienne elrod is director of external and Government Affairs in the chips for America Office of the Us Department of commerce. How does the Biden Administration believe this legislation serves economic and National Security . First of all i think, thank you for having me, it is great to t
and hot on the heels of antony blinken s visit to china. beijing will seek to improve its ties with europe. however, europe has also started to pull away from china to ensure it is not too reliant on their exports. still, there are strong economic ties between germany and china for the last seven years germany has been china s biggest trading partner in europe. so, what is at stake? i m joined by gregor sebastian economics analyst at the mercator institute for china studies based out of berlin. 0ne welcome to the programme. first of all, for the two leaders what do they want to achieve in the next few days? good morning. i mean, the first thing isjust that good morning. i mean, the first thing is just that the meeting is taking place, right? we have a radically different relationship between the two leaders now than we had in devious years. under angela merkel s meant the cabinets on the chinese and german sides had really constant and close relations and this is the firs
we are getting a clearer picture now about the unstructured raid on mar-a-lago. including on the first ladies and we begin with primary month less than a few months away in november. bret baier is joining us now. good evening. good evening, shannon. you mentioned a governors race there with the trump candidate against the candidate who was endorsed by former vice president mike pence. she did pull off a win in milwaukee county, which was the rest of the state, however, that really backed michael s. and that s setting up a battle between michael s and the incumbent governor. senate side, the surprise, ron johnson wins trying to get reelection there and on the democratic side going away is barnes, that will be an interesting race for the senate. now in vermont we ve got peter welch, the congressman there, this is the heat that patrick leahy, the longest-serving senator is retiring. welsh winning this and jordan maloley winning this over the former u.s. attorney, nolan. an
Resilient supply chain and more importantly not have to rely on other countries to produce the chips we need. i other countries to produce the chips we need. ., . other countries to produce the chips we need. ., , . , ., we need. i need to correct my own correction we need. i need to correct my own correction i we need. i need to correct my own correction i did we need. i need to correct my own correction i did of we need. i need to correct my own correction i did of course we need. i need to correct my own correction i did of course been - we need. i need to correct my own | correction i did of course been 52.7 billion in subsidies, not million. i did not catch it. more than 460 companies have expressed interest, but when will this programme actually be implemented? we are doing it on invitation process but in terms of where we are going to give out some of the award spending i don t want to get ahead of the team. it s important to be clear that this is taxpayers dollars we
Its relationship with taiwan, taiwan investing in the us, as well, in factories on that side. it is interesting how this whole sector is developing globally. many are watching this closely, and they?- this closely, and they? yes. asia and this closely, and they? yes. asia and its this closely, and they? yes. asia and its own this closely, and they? yes. asia and its own accounts i this closely, and they? yes. | asia and its own accounts for about three quarters of global semiconductor production, taiwan 70% on its own, and 90% of the most advanced chips are produced in taiwan. and we know that with the pandemic and the immense backlog created through supply chains that the us and eu woke up to the fact that they needed to have more of a defensive and robust supply chain within their own countries. the race for al which has heated up incredibly in the last few months has only added further impetus to this, and given the importance of this industry to the future and to growth, it i