Business Law
The Testing Risks of AI for National Security (TRAINS) Taskforce brings together experts from Commerce, Defense, Energy, Homeland Security, NSA, and NIH to address national security concerns and strengthen American leadership in AI innovation. Today, the U.S. Artificial Intelligence Safety Institute at the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) announced…
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CHIPS Investment of Up to $1.5 Billion Will Support Multiple Projects in New York and Vermont and Create Approximately 10,000 Good Construction and Manufacturing Jobs Today, the Biden-Harris Administration announced that the U.S. Department of Commerce awarded GlobalFoundries (GF) up to $1.5 billion in direct funding under the CHIPS Incentives Program’s Funding Opportunity for Commercial…
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Cutting-Edge Technology Allows for New, Collaborative Design and Research for the Semiconductor Industry Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and the Semiconductor Research Corporation Manufacturing Consortium Corporation (SRC) are entering negotiations for the Department to provide SRC $285 million to establish and operate a Manufacturing USA institute headquartered in Durham,…
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North Andover, Massachusetts – Granite Peak Associates has announced the promotion of former Tax Manager, Chris Cunningham, to Vice President of Tax effective immediately. A graduate of Bentley University with his bachelor’s degree in accounting and master’s in taxation, Mr. Cunningham also spent nine years active duty in the Marine Corps, including a deployment to…
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CHIPS Investment Incentivizes Creation of Leading-Edge Cluster in Phoenix, Arizona, and Over 20,000 Jobs; and Includes Commitment to Produce A16 Technology Today, the Biden-Harris Administration announced that the U.S. Department of Commerce awarded TSMC Arizona Corporation (TSMC Arizona), a subsidiary of Taiwan Semiconductor Manufacturing Company Limited (TSMC), up to $6.6 billion in direct funding under…
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Detroit, Michigan – Sommers Schwartz attorney, Benjamin J. Wilensky, has been named designated legal counsel for the Brotherhood of Railroad Signalmen (BRS). This announcement was made by Michael S. Baldwin, President of BRS, who recognized Wilensky’s appointment in an official letter issued on November 6, 2024. The designation is a testament to Wilensky’s experience with…
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Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced more than 12,000 American workers have been trained and placed into jobs through the Good Jobs Challenge. The program, initially funded by the Biden-Harris Administration’s American Rescue Plan, is investing a historic $500 million into high-quality, locally-led workforce training programs across the country. The…
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Proposed CHIPS Investment Would Help Advance U.S. Technology Leadership While Creating Over 400 New Jobs in West Oakland, California Today, the Biden-Harris Administration announced that the Department of Commerce and Akash Systems have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $18.2 million in proposed direct funding under the CHIPS and…
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From November 11-22, a delegation from the U.S. Department of Commerce led by Under Secretary of Commerce for Oceans and Atmosphere and National Oceanic and Atmospheric Administration (NOAA) Administrator Rick Spinrad, Ph.D., and International Trade Administration (ITA) Deputy Assistant Secretary of Commerce for Manufacturing Heather Evans will attend the 2024 United Nations Framework Convention on…
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Proposed CHIPS Investments in New York and Pennsylvania Would Help Enhance Domestic Production Capacity of Key Components for U.S. Semiconductor Manufacturing Today, the Biden-Harris Administration announced that the U.S. Department of Commerce signed two separate preliminary memoranda of terms (PMT) under the CHIPS and Science Act to provide Corning up to $32 million in proposed…
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