The Trump administration notified Huawei suppliers, including chipmaker Intel, that it is revoking certain licenses to sell to the Chinese company and intends to reject dozens of other applications to supply the telecommunications firm, people familiar with the matter told Reuters.
Huawei Overcomes Sanctions , to Net Huge 2023 Profit.
'The Guardian' reports that Chinese telecom firm
Huawei saw faster growth in 2023 than in the four
years prior, shrugging off international sanctions. .
'The Guardian' reports that Chinese telecom firm
Huawei saw faster growth in 2023 than in the four
years prior, shrugging off international sanctions. .
The company reportedly saw
a rebound in the consumer sector that
helped drive revenue up by almost 10%. .
The results suggest that Huawei overcame
the impact of sanctions imposed by
former President Donald Trump in 2019.
At the time, the administration accused the
telecom company of being a threat to national
security, claims which Huawei has denied.
At the time, the administration accused the
telecom company of being a threat to national
security, claims which Huawei has denied.
In 2020, the United Kingdom took similar
measures, looking to remove Huawei from
the nation's 5G infrastructure by 2027.
'The Guardian' reports that despite the
restrictions, 2023 marked the third
consecutive year of growth for the company. .
We’ve been through a lot
over the past few years but
through one challenge after
another, we’ve managed to grow, Ken Hu, Huawei’s chair, via 'The Guardian'.
In 2023, the company's net
profits increased by 144.5%.
Huawei has contributed the stellar results
to the sale of its Honor smartphone brand
which launched in November of 2020.
The company's smartphone business has managed
to thrive despite sanctions which have hampered
Huawei's access to vital chipmaking tools. .
The company's smartphone business has managed
to thrive despite sanctions which have hampered
Huawei's access to vital chipmaking tools.
Credit: Wibbitz Top Stories Duration: 01:30Published
A man set himself on fire in front of the courthouse where former President Donald Trump's hush money criminal trial is currently underway ... and the footage is.. TMZ.com
A man has set himself on fire outside the courthouse in New York where former US President Donald Trump is on trial, according to US media reports. Sky News
The final day of jury selection for Donald Trump's hush money trial is serving as a reminder of how tricky and unpredictable the process can be. Sky News
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.
Credit: Wibbitz Top Stories Duration: 01:31Published
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
Credit: Wibbitz Top Stories Duration: 01:31Published
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
Credit: Wibbitz Top Stories Duration: 01:31Published
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