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Biden needs more than $52b for chip effort to counter China

Bloomberg President Joe Biden’s blueprint for the US semiconductor industry marks an ambitious effort to set industrial policy for a critical sector of the economy, but the strategy will need more money and global support to take back chip supremacy and preempt a rival effort from China. The White House outlined a sweeping plan to secure the conduits for critical ...

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Mubadala takes stake in Aramco pipelines venture

Abu Dhabi / WAM Mubadala, the Abu Dhabi-based sovereign investment company, on Wednesday announced that it has joined the EIG-led consortium which has entered into a transaction with Saudi Arabian Oil Co (Aramco) to acquire a 49 percent equity stake in the newly formed entity Aramco Oil Pipelines Company. Mubadala said in a statement that Aramco will retain the remaining ...

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ADU ranked among world’s top universities

ABU DHABI / WAM Abu Dhabi University (ADU) has retained its position in the top 701-750 universities globally in the prestigious Quacquarelli Symonds (QS) World University Rankings for 2022 for the fourth year in a row while continuing to significantly improve its position on various indicators. The university has improved its score in different key indicators. Compared to previous performance, ...

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