Intel inputs on Saibaba case led to judge Deo’s transfer

Biden Is Giving $6 Billion to Micron Technology for Semiconductor Production

Biden Is Giving $6 Billion , to Micron Technology , for Semiconductor Production. On April 25, President Biden will travel to Syracuse, NY, to announce over $6 billion in federal grants that his administration is awarding to Micron Technology, NPR reports. . Senate Majority Leader Chuck Schumer, who was heavily involved in enacting the CHIPS and Science Act, issued a statement about the investment. . This is the federal government taking back the reins, putting money where its mouth is when we say we want the future of tech to be stamped: 'Made in America.', Senate Majority Leader Chuck Schumer, via statement. Micron will invest $100 billion of the funds to construct a manufacturing facility in Syracuse. Schumer referred to the plan as "quite a great return" on the government's investment. A factory will also be built in Boise, Idaho, NPR reports. . That facility is expected to be ready for production by 2026, while two New York factories will likely be ready by 2028 and 2029. The White House estimates that the projects could create 20,000 jobs in construction and manufacturing. in addition to "tens of thousands of indirect jobs in the regions," NPR reports. . The CHIPS and Science Act has also provided funding for Intel, TSMC and Samsung

Biden Announces Deal With Taiwan’s TSMC to Ramp Up US Chip Production

Biden Announces Deal With Taiwan’s TSMC , to Ramp Up US Chip Production. On April 8, the White House said that it has reached an agreement with TSMC to help build new semiconductor manufacturing facilities in Arizona, 'The Hill' reports. . The Biden administration will provide up to $6.6 billion in funding via the CHIPS and Science Act. The president said that the money will “support the construction of leading-edge semiconductor manufacturing facilities right here in the United States.” . Funding would also go toward training local workforces at the new facilities. A year and a half ago, I toured the site of TSMC’s first new fab in Phoenix, Arizona, President Joe Biden, via statement. TSMC’s renewed commitment to the United States, and its investment in Arizona.., President Joe Biden, via statement. ... represent a broader story for semiconductor manufacturing that’s made in America and with the strong support of America’s leading technology firms to build the products we rely on every day, President Joe Biden, via statement. America's ability to produce its own microchips remains a key area of concern for Biden. The CHIPS and Science Act, which was passed with bipartisan support in 2022, is intended to make the U.S. less dependent on foreign suppliers. The White House has also made agreements with Intel, GlobalFoundries and Bae Systems, 'The Hill' reports.

Intel’s Chip-Making Unit Posts $7 Billion Operating Loss

Intel’s Chip-Making Unit , Posts $7 Billion Operating Loss. On April 2, Intel disclosed that its chip manufacturing unit endured "$7 billion in operating losses for 2023," Reuters reports. The year before, the unit had operating losses of $5.2 billion. Revenue for 2023 was $18.9 billion, a 31% decline from the prior year. Intel shares dropped 4.3% after the disclosure. Chief Executive Pat Gelsinger told investors that this year would be the worst for Intel's chipmaking business. Gelsinger expects the company "to break even on an operating basis by about 2027," Reuters reports. . He also said that the foundry business was affected by bad decisions such as not utilizing extreme ultraviolent (EUV) machines a year ago. . Intel has since adopted the use of EUV tools which will increase production. In the post EUV era, we see that we're very competitive now on price, performance (and) back to leadership, Chief Executive Pat Gelsinger, via Reuters. And in the pre-EUV era we carried a lot of costs and (were) uncompetitive, Chief Executive Pat Gelsinger, via Reuters

Biden Administration to Invest $8.5 Billion in Intel’s Computer Chip Plants

Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants. Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants. In addition to $8.5 billion in direct funding, $11 billion will be provided in loans. The money will come from the CHIPS and Science Act. The funds will go toward "computer chip plants in Arizona, Ohio, New Mexico and Oregon," CBS News reports. . According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction. According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction. The deal will help the U.S. to produce 20% of the most advanced computer chips in the world by 2030, according to Commerce Secretary Gina Raimondo. Failure is not an option — leading-edge chips are the core of our innovation system, especially when it comes to advances in artificial intelligence and our military systems, Commerce Secretary Gina Raimondo, on a call with reporters. We can't just design chips. We have to make them in America, Commerce Secretary Gina Raimondo, on a call with reporters. Biden's funding announcement comes amid a heated presidential campaign. Administration officials want to get chip technology funding "out the door as quickly as possible so that the Biden campaign can point to concrete progress on one of the White House's signature programs," analysts say. Intel CEO Pat Gelsinger called the CHIPS Act "the most critical industrial policy legislation since World War II.". We think of this as a defining moment for the United States, the semiconductor industry and for Intel, Intel CEO Pat Gelsinger, via statement

Sumption: Rwanda Bill breaches two international treaties

Former justice of the Supreme Court, Lord Sumption, has said the government's Rwanda Bill breaches two international treaties which maintain courts challenges cannot be blocked. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Alabama Governor Signs IVF Protection Bill

Alabama Governor Signs, IVF Protection Bill . On March 6, Alabama Governor Kay Ivey signed legislation aimed at protecting in vitro fertilization patients and providers from legal liability. CNN reports that some clinics are ready to lift a hold on certain IVF services as early as this week. . The Alabama bill comes after an unprecedented state Supreme Court ruling cast the future of IVF care into doubt. The Supreme Court case reportedly stemmed from the accidental destruction of frozen embryos at a fertility clinic. The state Supreme Court ruled that frozen embryos are human beings, meaning that those who destroy them could be held liable for wrongful death. The latest bill signed into law by the governor aims to provide both civil and criminal immunity to providers and patients in the case of embryos being damaged or destroyed. However, the fertility clinics say that the new law doesn't address the core issue and fails to provide the legal protection necessary to resume care. The law does not nullify the Supreme Court’s analysis that says the law ought to treat embryos just like people, Katherine Kraschel, assistant professor at Northeastern University School of Law, via CNN. CNN reports that experts have warned that the latest bill could also insulate providers from standard medical malpractice claims. The governor stressed that the new law is meant to be a "short-term measure" and reassured that "there will be more work to come" on ensuring IVF protections.