Computer chip makers seek relaxed rules on high-skilled immigrants

Computer chip makers seek relaxed rules on high-skilled immigrants

Nine semiconductor makers are asking Congress to ease immigration restrictions for highly skilled foreign workers after the House and the Senate agreed to fund a $52 billion incentive to boost U.S. chip manufacturing. In a letter to House and Senate leaders last week, human resources executives from firms including GlobalFoundries, Intel and Texas Instruments said their industry faces “an immediate…

White House Backs Crypto Rules Favoring Mining-Based Consensus Mechanisms

White House Backs Crypto Rules Favoring Mining-Based Consensus Mechanisms

The White House joined the debate over U.S. cryptocurrency regulations Thursday by signaling its support of an amendment to the Infrastructure Investment and Jobs Act (IIJA) that favors mining-based consensus mechanisms over alternative solutions. CNBC reported that White House deputy press secretary Andrew Bates issued an unexpected statement about the amendment proposed by U.S. Senators…