STA Law Firm has a team of settlement experts to represent secured creditors, debtors, trustees, equity holders and suppliers....
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Read more informationIn today’s competitive business environment the mining industry is becoming a very attractive option for foreign investors. New projects are being launched, but we can appreciate that foreign investors will find the mining industry......
Read more informationSTA lawyers recognize that the healthcare industry comprises of a variety of individuals, professions, teams and organisations that may need our legal services. We have considerable knowledge and experience......
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Read more informationSTA's lawyers in UAE specialize in all areas of contentious as well as non-contentious discipline in oil and gas industry and advice on both upstream and downstream work. Consult one of our Senior Energy Lawyers in Dubai or other offices today!...
Read more informationCombining variety of practice disciplines to provide extensive advice and counsel to clients, STA’s FMCG practice represents companies in a broad range of industries including large scale franchisors, Fortune 250, and multinationals ...
Read more informationShipping and Maritime Law Firm - UAE, Middle East, Asia and Europe. Expert advice on ship building, ship fiance, sale and purchase, compliance, due diligence and more. Our lawyers advice on all types of vessel including bulk carriers, tankers, cruise ships, offshore rigs and support vessels....
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Read more informationBiden signs bill giving $52B in subsidies to US semiconductor industry
US President Joe Biden marked the CHIPS Act of 2022, which gives $52 billion to support the US domestic semiconductor industry. The act approves the consumption to advance $200 billion to promote domestic semiconductor production. However, just $52 billion is promptly appropriated because of Biden marking the bill. The act also lays out a US Treasury fund to do its provisions. It also provides $39 billion in manufacturing incentives and $13.2 billion in research and development and labour force development. It likewise provides a 25% tax credit for investments in domestic semiconductor manufacturing and production. In light of the signing the bill, US semiconductor companies declared new investments. For example, micron declared a $40 billion investment in memory chip manufacturing. Furthermore, Qualcomm and GlobalFoundries declared a partnership that includes $4.2 billion to manufacture chips.