Biden announced his formal decision on Jan. 3 after the case was referred to him by a U.S. security review panel, ahead of a deadline early next week.

The proposal is aimed at addressing concerns raised by CFIUS, which said last week that the Japanese company’s takeover of U.S. Steel would lead to a decline in American steel output.

U.S. manufacturing activity shrank in September for a sixth month, reflecting weak orders and declining employment.

States in the U.S. South are at the forefront of a massive renaissance in construction projects aimed at enhancing manufacturing capacity and supply chain resiliency.

Landmark Ceramics will invest $72 million to expand its tile production near Nashville, Tenn., by creating a new logistics hub with advanced technology to enhance distribution operations.

U.S. manufacturing activity expanded by the most since mid-2022 as production and factory employment growth accelerated along with measures of inflation.

Recogni Inc., an artificial intelligence startup that builds tech for autonomous vehicles, has raised $102 million in funding after expanding into designing chips for generative AI.

A measure of U.S. factory activity climbed to a 15-month high in January, fueled by the strongest orders growth since May 2022 and suggesting manufacturing is starting to stabilize.

A measure of U.S. factory activity remained stuck in contraction territory for a 14th straight month at the end of 2023, restrained by weaker orders.

New York will spend $1 billion to expand research into chip technology in Albany, hoping to make the region a center of chip research and manufacturing, Gov. Kathy Hochul announced Dec. 11.