RALEIGH, N.C. — A North Carolina-based semiconductor company announced Sept. 9 it will build a $5 billion manufacturing plant in its home state to produce silicon carbide wafers, which is emerging as a favored part for renewable energy products and electric vehicles.

Chip delivery times shrank again in August, a sign the global shortage is easing further, but some types of semiconductors remain hard to find.

South Korea’s Samsung Electronics Co. is warning that the semiconductor industry could be in for a rocky close to 2022.

The latest U.S. effort to restrict chip exports to China from Nvidia Corp. and Advanced Micro Devices Inc. sparked concern that escalating government actions could cut off some of the semiconductor industry’s biggest companies from the largest market for their products.

President Joe Biden signed an executive order Aug. 25 to fast-track implementation of a law aimed at boosting domestic semiconductor manufacturing and helping the U.S. compete with China’s dominance in the industry.

WASHINGTON — The Biden administration is forecasting that this year’s budget deficit will be nearly $400 billion lower than it estimated back in March, due in part to stronger than expected revenues, reduced spending and an economy that has recovered all of the jobs lost during the multiyear pandemic.

JOHNSTOWN, Ohio — Ohio’s largest-ever economic development project comes with a big employment challenge: how to find 7,000 construction workers in an already booming building environment when there’s also a national shortage of people working in the trades.

Micron Technology Inc., the leading U.S. maker of memory semiconductors, became the latest chipmaker to declare that demand is falling off rapidly. It warned investors that revenue won’t meet projections, sending industry stocks tumbling.

Legislation to boost domestic semiconductor manufacturing while improving freight access along the nation’s supply chains was sent to President Joe Biden’s desk July 28.

The Senate on July 27 passed legislation that includes $52 billion in grants and incentives for U.S. semiconductor manufacturing, an industry that has steadily lost ground to foreign competitors in recent years.