President Joe Biden ended a Vietnam press conference on Sunday by frankly telling reporters he had to go to bed after wrapping up the 2023 Group of 20 summit.

Biden was speaking in the Vietnamese capital of Hanoi after two days at the G20 summit in New Delhi, India. He was answering a question about China's relationship with the United States before announcing that he was sleepy.

"But I tell you what, I don't know about you, but I'm going to go to bed," Biden said to a group of reporters.

Roughly 200,000 to 250,000 new manufacturing jobs could be added in the U.S. over the next two years, according to a new estimate from Goldman Sachs.

Why it matters: The increase, which amounts to about 2% of current manufacturing employment levels, is partly due to the incentives and investments for the semiconductor and green technology sectors included in the Biden administration's signature bills, the Inflation Reduction Act and the CHIPS and Science Act.

Western microchips used to power smartphones and laptops are continuing to enter Russia and fuel its military arsenal, new analysis shows.

Trade data and manifests analyzed by CNBC show that Moscow has been sourcing an increased number of semiconductors and other advanced Western technologies through intermediary countries such as China.

In 2022, Russia imported $2.5 billion worth of semiconductor technologies, up from $1.8 billion in 2021.

It’s one thing to sanction for national security, it’s another to use that as an excuse to practise protectionism. But to force your friends to join while knowing full well that it will hurt their economies is an egregious breach of basic trust.

I am, of course, talking about the United States’ semiconductor sanctions against China. But perhaps the worst of all is that most independent experts and industry insiders have already warned they are counterproductive and will likely end up hurting everyone, including the US, without achieving the desired result.

The Biden administration will rely on the chairman of Google parent Alphabet, John Hennessy, and four other tech professionals for the research and development of new computer chips, the Commerce Department is expected to announce Tuesday, according to Reuters.

Part of last year's bipartisan $52.7 billion semiconductor manufacturing and research law, which also subsidizes new chip plants, the public-private partnership will lead research on next-generation chips while also creating high-paying jobs.

Berlin agreed Monday to grant US chip giant Intel subsidies totalling almost a third of the cost of a 30-billion-euro ($32.7-billion) German plant in a controversial decision following a months-long row.

Government sources told AFP that Berlin would provide 9.9 billion euros to support the project in the eastern city of Magdeburg, up from a figure of 6.8 billion originally agreed.

Intel unveiled the mammoth project, the centrepiece of a European investment drive, in March last year.

In the wake of the pandemic, US president Joe Biden focused on making it possible for the US to produce more of what it needs to protect its economy and national security. As a result, he delivered on one of former president Donald Trump’s campaign promises: to bring manufacturing back to the US.

Leaders in the semiconductor industry and their Texas allies were alarmed by supply chain disruptions to the sector during the pandemic. Now the state is seeking to turn the lessons learned in the past three years into an opportunity.

Texas is pumping $1.4 billion into microchip research and manufacturing initiatives in an effort to attract new investments, secure lucrative federal grants and create thousands of high-paying jobs over the next decade.

The hottest thing in technology is an unprepossessing sliver of silicon closely related to the chips that power video game graphics. It’s an artificial intelligence chip, designed specifically to make building AI systems such as ChatGPT faster and cheaper.

On a tiny island off the coast of China, one company manufactures a product used across the globe for countless household products as varied as PCs and washing machines.

And as that island — Taiwan — worries about the threat of a standoff between the US and China, the world's economy holds its breath. That's because there could be trillions of dollars' worth of economic activity tied to that one company: Taiwan Semiconductor Manufacturing Company, the world's biggest chipmaker.