The Netherlands — home to critical chip firm ASML — is embroiled in political tensions between the U.S. and China over semiconductor technology.
Commerce Secretary Gina Raimondo said the U.S. will channel CHIPS and Science Act funds into semiconductor manufacturing clusters by 2030.
U.K. semiconductor bosses are pleading with the government for subsidies amid fears that some chip firms will be forced to move overseas.
Micron said it would hit its reduction target through voluntary departures as well as layoffs.
The company will also announce it will be producing more technically advanced chips than originally proposed.
Commerce Secretary Gina Raimondo backs the Biden administration’s new rules against U.S. companies and citizens helping China manufacture semiconductors.
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