Tag: United States Secretary of Commerce

InnovationScienceTechnology

US Government Explores Equity Stakes in Quantum Computing Companies Through CHIPS Program

The US Commerce Department is reportedly exploring taking equity stakes in quantum computing companies through the CHIPS program. This would mark a significant departure from traditional grant funding toward direct government ownership in strategic technology sectors.

Strategic Shift in Federal Technology Investment

The US Commerce Department is considering taking equity positions in American quantum computing companies through its CHIPS program, according to reports from The Wall Street Journal. This potential move would represent a fundamental shift in how Washington supports strategic technology sectors, moving away from traditional grants toward direct government ownership stakes in private companies.

by Ryan Holbrook
EconomyTrade

US and South Korea Negotiate Financial Safeguards in $350 Billion Investment Partnership

Senior South Korean officials are in Washington negotiating final terms of a major $350 billion investment commitment. The discussions reportedly include establishing currency swap mechanisms to protect against financial market volatility.

High-Stakes Financial Negotiations Underway

South Korea and the United States are engaged in intensive discussions to finalize terms of a substantial $350 billion investment pledge, according to reports from diplomatic sources. The negotiations, occurring ahead of this month’s Asia-Pacific Economic Cooperation summit, reportedly include potential currency swap arrangements designed to safeguard South Korea from potential financial instability.

by Carter Wells