TikTok USDS Joint Venture LLC is backed by managing investors Oracle, Silver Lake, and MGX. The app’s Beijing-based parent company retains a 19.9 percent stake.
The Treasury secretary said Washington is racing to reshore semiconductors and critical minerals to counteract China’s leverage over key supply chains.
Lawmakers cited members of the public saying children’s mental health and ability to focus on learning were being negatively impacted by social media use.
The United States’ share of global chip manufacturing capacity has declined ’sharply' over the past decades, down from 37 percent in 1990 to 10 percent in 2022.
TikTok USDS Joint Venture LLC is backed by managing investors Oracle, Silver Lake, and MGX. The app’s Beijing-based parent company retains a 19.9 percent stake.
The Treasury secretary said Washington is racing to reshore semiconductors and critical minerals to counteract China’s leverage over key supply chains.
Lawmakers cited members of the public saying children’s mental health and ability to focus on learning were being negatively impacted by social media use.
The United States’ share of global chip manufacturing capacity has declined ’sharply' over the past decades, down from 37 percent in 1990 to 10 percent in 2022.