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Shortly after Nvidia CEO met Trump and agreed to a 15% cut, the US Commerce Department began issuing licences for AI chip ...
Although Trump initially promised to block the Japanese steelmaker's bid to buy US Steel, he changed course and last week announced an agreement for a partial sale to Nippon Steel.
U.S. Steel is now a wholly owned subsidiary of Japan-based Nippon Steel. Nippon Steel agreed to have a board with U.S.
President Trump will get to decide where to invest Japanese money and the United States will keep 90 percent of the profits, ...
President Donald Trump said in a Truth Social post on Tuesday that the U.S. had reached a deal with Japan to lower its tariff rate to 15% after Japanese officials said they would invest $500 billion i ...
Provision allows Trump to veto decisions on U.S. steel production. Control reverts to Treasury and Commerce if Trump is not president. Nippon commits $11B to modernize U.S. Steel’s aging facilities.
LIVE SHOW ALERT: August 18th, NYC. Get your tickets here. When news broke that a Japanese company, Nippon Steel, was buying the storied American steel company U.S. Steel, it was still 2023, just ...
Japan-based Nippon Steel’s $14.1-billion acquisition of U.S. Steel is likely to have significant ramifications for automakers and suppliers, especially as companies adjust to President Donald Trump’s ...
Some political leaders and big names from the tech and AI industries were at the Inaugural Pennsylvania Energy and Innovation Summit.
After years of wrangling, Nippon Steel Corp. of Japan was finally granted the go-ahead to buy U.S. Steel Corp. on June 13 by the Trump administration. Previously, the Biden administration blocked ...
Trump approved the controversial merger of U.S. Steel with Japan's Nippon Steel on June 13, after the companies signed a national security agreement with the U.S. and accepted the "golden share ...
In short: Whatever decisions are made by U.S. Steel's executives and shareholders (or by Nippon, which will own U.S. Steel) will require approval from Trump, his appointees, or his successors.