Regulation/Government Policy

The Biden administration needs to take stronger action to stem China’s growing dominance in making older-generation microchips that are essential across several U.S. industries, according to the bipartisan leaders of a House of Representatives panel.The lawmakers’ call for new efforts, including potential tariffs, is intended to counteract an overreliance on China for less-advanced chips, according to a letter seen by The Wall Street Journal. Republican Mike Gallagherof Wisconsin, chairman of the House Select Committee…

Updated Jan. 8, 2024 12:00 am ETA burning inferno on the runway, followed four days later by a midair emergency involving a gaping hole in the side of the plane, isn’t the way the airline industry wanted to start 2024.After a fraught 2023, in which safety specialists and regulators raised alarms about mounting risks, the air-travel business has experienced two near-catastrophic accidents already this year—one with multiple casualties.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.…

SINGAPORE—After U.S. regulations barred Nvidia from selling its high-performance artificial-intelligence chips to China in October, the company’s engineers quickly designed a new lineup to comply with the tightened rules.The U.S. tech company may have found some wiggle room, but it faces a bigger problem: Chinese cloud companies—some of Nvidia’s biggest customers globally—aren’t so keen on buying its lower-powered AI chips. Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8…

The last thing Boeing needed was more trouble with its 737 MAX jet. That is exactly what it got to start the new year.The company had just started to regain its footing following years of tumult around the popular but troubled line of narrow-body jets when a MAX 9 operated by Alaska Airlines had a structural failure Friday night.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 The last thing Boeingneeded was more trouble with its 737 MAX jet. That is exactly what it…

Updated Jan. 5, 2024 8:04 am ETHONG KONG—Tesla is conducting its largest ever recall in China that regulators said was to fix issues with its driver-assistance features that could increase the risk of crashes, a move that follows similar fixes in the U.S.The software fix, which will be delivered remotely, comes as the electric-vehicle maker faces fierce competition in the world’s largest auto market, where it trails homegrown rival BYD.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.…

Updated Jan. 2, 2024 4:10 am ETThe Netherlands has blocked chip-equipment manufacturer ASML’s exports to China of some lithography systems, which are essential to making advanced microprocessors, in a partial license revocation following U.S. export restrictions.The Netherlands-based company said Monday that the Dutch government recently partially revoked an export license for shipping the NXT:2050i and NXT:2100i lithography systems to China in 2023.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.…

Updated Jan. 3, 2024 1:36 pm ETXerox Holdings said it would reduce its workforce by 15% and shake up its leadership team as it reorganizes its operating model.The printer maker said Wednesday that it had formed a global business-services unit as part of the company’s restructuring as it aims to stabilize its core print business. Xerox also plans to increase its focus on its emerging information-technology and digital-services unit.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.…

Chevron said it will book $3.5 billion to $4 billion in charges for the fourth quarter, citing challenges tied to regulations in California and previously sold oil and gas production assets in the Gulf of Mexico.Chevron said it will impair a portion of its U.S. upstream assets, mostly in California, due to regulatory challenges in the state that have led to “lower anticipated future investment levels in its business plans.” Chevron said it will continue to operate the affected assets for many years.Copyright ©2024Dow…

Updated Jan. 2, 2024 12:42 pm ETListen to article(2 minutes)It’s getting a lot harder for streaming services to hold on to their customers.Crystal Revis, a mother of six in Lynn Haven, Fla., recently canceled her subscriptions to Disney+ and Paramount+, among others, because of their swelling price tags and the rising cost of living. She is also considering canceling Netflix, home to shows such as “The Crown” and films including “Leave the World Behind.”Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.…

U.S. antitrust cases against tech giants Google and Meta Platforms are expected to come to a head in 2024, likely producing long-awaited rulings that could shape the legacies of top Biden administration regulators.Silicon Valley and its critics have seen their patience tested on some of these cases. A U.S. antitrust case brought against Alphabet’s Google unit in 2020 went to trial in 2023 and now heads to closing arguments in May.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.…