last measure in 2020. when we hear about that 20% goal, that is something that has been articulated pointedly by the congo secretary, gino mondo, and this is the information we are getting from intel, her department, the chips act, representing a huge many billion dollar investment in research of chips and development and manufacturing. what we re seeing today the announcement of a preliminary agreement with intel, the largest share of the chip act we have seen yet, up to $8.5 billion to go to new factories and expansion projects, specifically in four states, arizona, new mexico, oregon and ohio. the big goal is to reduce american chip making and to make american chip making and to make america the big global leader. yes. america the big global leader. yes, and that is the america the big global leader. yes, and that is the point, america the big global leader. yes, and that is the point, isn t it? it is such a key industry right around the world, but america wants to get
the end of the decade. our correspondent, erin delmore, is in new york. just talk to us about this announcement and what it could mean for america s place in that really competitive chip market. america, as ou said, competitive chip market. america, as you said. is competitive chip market. america, as you said, is working competitive chip market. america, as you said, is working on competitive chip market. america, as you said, is working on getting - competitive chip market. america, as you said, is working on getting a - you said, is working on getting a 20% share of chip making worldwide over the course of the next decade and the country has a way to go. at the last measure at the start of this decade it was coming injust above 20%, at about 12% of that global chip making output and chips are increasingly important because not only do we find them in our computers and cell phones and cars, but they are also at the edge of the race for al technology and that is becaus
from these various meetings happening today? the from these various meetings happening today? happening today? the two meetings. happening today? the two meetings, the happening today? the two meetings, the g7 - happening today? the two meetings, the g7 but - happening today? the two meetings, the g7 but also | happening today? the two - meetings, the g7 but also the ttc, which i see is the more productive and hope meeting, it is bilateral, the us and the eu. i am sure something will come out of this, given the risks and dangers that have been identified quite clearly by both sides. what we could expect in that format is probably some kind of agreement on what the risks are first of all, to define the risks, the metrics of measuring the risks of ai and risk management methods, but also the start of developing common standards, to take steps together to, with stakeholders present at the ttc, who will give insight necessary to arrive at common standards. and i think everyo
exports via the black sea for another two months. the existing deal was arranged last july to tackle a global food crisis caused by russia s invasion of ukraine one of the world s top grain exporters. it was due to expire today, thursday. arnaud petit, executive director of the international grains council says the extension is vital for many countries food security. you re right, it is very important to have this extension, particularly for north african, sub saharan african countries, which would import much more grains that we have seen in the past season, so really it s good news for them that they can already plan some buying contract with producers in ukraine and also in russia. and important, as you say, about russia because there maybe is a tendency to think that russia is just blocking those exports from ukraine, but this is also good news for russia, isn t it? indeed, both ukraine and russia exported 70 million tonnes of wheat during the current season and we ex