News Summary

• The semiconductor industry plays a sizable role in the “AI race” that the U.S. seems determined to win.
• Intel announced that it was pulling back on some of its manufacturing operations.
• Joe Biden proposed sweeping new AI chip export rules on his way out of office that never came to fruition.
• The Trump administration unveiled its much-anticipated AI Action Plan alongside multiple related executive orders on July 23.
• Here's a look at what's happened so far in 2025 in the semiconductor world.