But lawmakers still unhappy with the decision to grant export licenses to China

Violations occurred between 2015 and 2021, Department of Commerce claims

Eight-year deal was confirmed by Tesla CEO Elon Musk on X

The $50 million project will be funded by private and public investment

Claims costs of chips made at Arizona fab are between 5 and 20 percent higher than those produced in Taiwan

Company posted a net loss of $2.9 billion on $12.9bn in flat quarterly revenue

Facility to sit on 11 acre land parcel in the region

Comments made during Trump’s speech introducing US government’s new AI Action Plan

Company raised $59 million during Series B funding round

Company says 30 percent of 2nm production capacity will be located in Arizona

Comes as US lawmakers criticize move to grant export licenses

Deal completes after Chinese regulator conditionally approved merger

Company says 100+ qubit system will be available before end of the year

V-GaN Tech Hub also receives funding for opening of new test lab

System expected to be complete in Spring 2026

Follows news that Nvidia will be allowed to export its H20 chips to China

Reversal follows meeting between President Trump and Nvidia CEO Jensen Huang

Cuts follow comments from Intel CEO saying chipmaker is no longer a top 10 semiconductor company

Also: Diraq funding, IonQ Korean deployment, Singaporean quantum testbed, and IQM Resonance upgrades

Offerings will be available from July 25

Transaction expected to close in second half of 2025

Financial terms of the deal have not been disclosed

Draft rule first step to replace the scrapped Biden-era AI Diffusion Rule

Taiwanese chipmaker hopes US expansion will soften impact of potential semiconductor tariffs