US intelligence assessments paint an increasingly bleak picture in Afghanistan as the Taliban advance across the country and pose a potential threat to the capital of Kabul.
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
Severe flooding in Afghanistan, triggered by seasonal rains, has claimed 33 lives and injured 27 in three days, according to a Taliban spokesperson. Flash floods hit Kabul and multiple provinces, damaging over 600 homes, killing about 200 livestock, and impacting 800 hectares of farmland and 85 kilometers of roads.
#Afghanistan #Afghanistanfloods #Afghanistanflashfloods #Afghanistannews #Taliban #Afghanistannews #Worldnews #Oneindia #Oneindianews
~ED.103~
India appreciates Taliban's positive step in restoring property rights for Afghan Hindus and Sikhs. Taliban authorities were reported to be working to restore.. IndiaTimes
United States President Joe Biden says he is “considering” a request from Australia to drop the prosecution of Julian Assange. The WikiLeaks founder has been indicted on 17 espionage charges and one charge of computer misuse over his website’s publication of classified U.S. documents relating to the Afghanistan and Iraq wars almost 15 years ago. The Australian national was taken to Belmarsh prison in London five years ago, after being dragged out of the Ecuadorian embassy, where he stayed while fighting against being taken to the US. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The United Nations sounds the alarm over a surge in malnutrition cases among women and children in Afghanistan. With 1.2 million women affected, urgent action is needed to address this humanitarian crisis. Watch to learn more.
#Afghanistan #AfghanistanMalnutrition #Malnutrition #UnitedNations #UNAlert #MalnutritionAfghanistan #AfghanWomen #AfghanChildren #SariahLaw #Oneindia
~PR.274~ED.101~GR.125~
Eight civilians, including women and children, tragically perished in air strikes by the Pakistani military near the Afghan border. Tensions between Pakistan and Afghanistan have escalated, with retaliatory strikes following attacks on Pakistani troops. The Taliban government condemned the strikes as a violation of sovereignty, while border regions remain volatile due to militant activities. Diplomatic efforts are urgently needed to prevent further casualties.
#Pakistan #Afghanistan #Taliban #PakistanAirstrikes #Airstrikes #Paktika #Khost #TalibanPakistantensions #AsifAliZardari #Worldnews #Oneindia #Oneindianews
~HT.97~ED.103~
Former top generals, Mark Milley and Kenneth McKenzie, testified about the chaotic Afghanistan withdrawal, blaming Biden's delayed evacuation orders. They criticized the administration's decision-making and highlighted State Department failures. Milley and McKenzie regretted not starting the evacuation sooner, unsure of the exact number of Americans left behind. The Biden administration dismissed their claims as political.
#MarkMilley #KennethMckenzie #JoeBiden #Biden #Afghanistan #Kabul #USEvacuation #Worldnews #Oneindia #Oneindianews
~HT.178~PR.152~ED.103~GR.125~
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