Bloomberg Business

US Sets Aside $500 Million in Grants for Smaller Chip Suppliers

The Commerce Department has set aside $500 million in government grants for smaller companies in the semiconductor supply chain, as the US seeks to beef up domestic production of critical electronic components and reduce reliance on Asian production lines.

Bangkok Readies New Airport Terminal Before Tourist Rush

Thailand’s capital city will add a third passenger terminal to its biggest airport as the Southeast Asian nation prepares for a surge in tourist arrivals under a visa waiver program for Chinese visitors during the peak holiday season.

Commerzbank Shares Jump on Payout Vow

Commerzbank AG shares rose after it committed to returning a higher share of its profits in an effort to meet a pledge to return €3 billion ($3.2 billion) to shareholders for net income earned from 2022 through 2024.

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