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
US Facing Winter Storms, , Thunderstorms and Wildfires This Week.
NBC reports that the United States is facing
a slew of weather-related risks on March 13.
A major snowstorm is forming over the Rockies and severe
thunderstorms are taking shape across the Plains, while Texas
and Oklahoma are facing an extreme risk of wildfires.
Five million people were under Winter Storm Warnings
on the morning of March 13, ahead of what could
turn out to be Denver's biggest snowstorm of the season.
Five million people were under Winter Storm Warnings
on the morning of March 13, ahead of what could
turn out to be Denver's biggest snowstorm of the season.
Heavy rain and thunderstorms are expected to hit
Denver through midday before plummeting
temperatures bring snow in the early evening.
Heavy snow with wind gusts up to 40 miles per hour
are expected to last through the morning of March 15 and
make travel across the I-25 corridor nearly impossible.
Meanwhile, four million people across Kansas,
Missouri and Nebraska are facing the risk of severe
storms, including large hail and isolated tornadoes.
On March 14, the storm is expected to
shift east, threatening 21 million people from
northern Illinois down to northeast Texas.
At the same time, the southern Plains
are facing an increased risk of wildfires.
The Storm Prediction Center warned
that critical-to-extreme fire danger
could result in a 'wildfire outbreak.'.
On March 13, Amarillo, Lubbock and Roswell, New Mexico
are all under Red Flag Warnings and considered at
extreme risk due to high winds and dry conditions
Credit: Wibbitz Top Stories Duration: 01:31Published
Celebrities Sign Open Letter Ahead of Oscars , to ‘Make Nukes History’.
Celebrities Sign Open Letter Ahead of Oscars , to ‘Make Nukes History’.
Celebrities Sign Open Letter Ahead of Oscars , to ‘Make Nukes History’.
The Nuclear Threat Initiative (NTI) is using
the success of the film 'Oppenheimer' to
draw attention to nuclear threats,
according to 'The Hollywood Reporter.'.
The NTI's "Make Nukes History" campaign includes billboards, posters, an art installation and an open letter signed by celebrities, calling for an end to nuclear weapons.
'Oppenheimer' cast member Matthew Modine issued a statement about the campaign.
Every person should be educated
about the incredible destructive power
of nuclear weapons. Understanding
the threat illuminates a necessary
path toward their elimination, Matthew Modine, via statement.
From the moment of the first atomic
bomb test at Los Alamos, New Mexico,
our entire planet has been at risk.
We need to stop this insanity, Matthew Modine, via statement.
Others who signed the open letter include
Rosanna Arquette, Alan Cumming, Michael Douglas.
Others who signed the open letter include
Rosanna Arquette, Alan Cumming, Michael Douglas.
Others who signed the open letter include
Rosanna Arquette, Alan Cumming, Michael Douglas.
Jane Fonda, Tony Goldwyn, Harry Hamlin, Julianne Moore, Viggo Mortensen.
Jane Fonda, Tony Goldwyn, Harry Hamlin, Julianne Moore, Viggo Mortensen.
Jane Fonda, Tony Goldwyn, Harry Hamlin, Julianne Moore, Viggo Mortensen.
Jane Fonda, Tony Goldwyn, Harry Hamlin, Julianne Moore, Viggo Mortensen.
Jane Fonda, Tony Goldwyn, Harry Hamlin, Julianne Moore, Viggo Mortensen.
Bill Nye, Lisa Rinna,
Emma Thompson and Lily Tomlin.
Bill Nye, Lisa Rinna,
Emma Thompson and Lily Tomlin.
Bill Nye, Lisa Rinna,
Emma Thompson and Lily Tomlin.
Bill Nye, Lisa Rinna,
Emma Thompson and Lily Tomlin.
The grandson of J. Robert Oppenheimer, Charles Oppenheimer, also signed the letter. .
The grandson of J. Robert Oppenheimer, Charles Oppenheimer, also signed the letter. .
At a time of great uncertainty,
even one nuclear weapon —
on land, under the sea, in the
air, or in space — is too many. , Via open letter.
To protect our families,
our communities and our world,
we must demand that global leaders work to make nuclear weapons
history — and build a brighter future, Via open letter
Credit: Wibbitz Top Stories Duration: 01:31Published
‘Rust’ Armorer Hannah Gutierrez-Reed , Guilty of Involuntary Manslaughter.
A New Mexico jury found Gutierrez-Reed guilty of involuntary manslaughter on March 6, NPR reports.
A New Mexico jury found Gutierrez-Reed guilty of involuntary manslaughter on March 6, NPR reports.
Her negligence, prosecutors argued, led to the death of Halyna Hutchins, the cinematographer for 'Rust.'.
Her negligence, prosecutors argued, led to the death of Halyna Hutchins, the cinematographer for 'Rust.'.
According to prosecutors, Gutierrez-Reed brought at least one live round of ammo on set, which was loaded into a prop gun.
The gun went off as Alec Baldwin was holding it, killing Hutchins and injuring director Joel Souza. .
The gun went off as Alec Baldwin was holding it, killing Hutchins and injuring director Joel Souza. .
This is not a case where Hannah
Gutierrez made one mistake, Kari Morrissey, special prosecutor, via closing arguments.
This case is about constant,
never-ending safety failures that
resulted in the death of a human
being and nearly killed another, Kari Morrissey, special prosecutor, via closing arguments.
This case is about constant,
never-ending safety failures that
resulted in the death of a human
being and nearly killed another, Kari Morrissey, special prosecutor, via closing arguments.
Jason Bowles, defense attorney for Gutierrez-Reed, argued that his client
had been unfairly "scapegoated.".
You had a production company on a
shoestring budget, an A-list actor
calling all the shots. In the end, they
had someone they could all blame, Jason Bowles, defense attorney, via closing arguments.
You had a production company on a
shoestring budget, an A-list actor
calling all the shots. In the end, they
had someone they could all blame, Jason Bowles, defense attorney, via closing arguments.
Justice for Halyna does not mean
injustice for Hannah. It does not mean
they get to steamroll her and get to
spin their version of facts and call it
truth. Because that's not truth, Jason Bowles, defense attorney, via closing arguments.
Both sides also blamed Baldwin for the incident.
He has pleaded not guilty.
Both sides also blamed Baldwin for the incident.
He has pleaded not guilty.
Baldwin's criminal trial will begin on July 9
Credit: Wibbitz Top Stories Duration: 01:31Published
Oil Companies Announce , Massive Merger Amid Rush , to Snatch up Drilling Land.
'The Guardian' reports that two United States oil
and gas companies have announced a massive
$26 billion merger in an attempt to increase output. .
Diamondback Energy will purchase
Endeavor Energy Resources, creating
a company valued at approximately $50 billion.
This is a combination of two strong,
established companies merging to
create a ‘must own’ North American
independent oil company, Travis Stice, Chairman and chief executive of Diamondback, via 'The Guardian'.
Endeavor shareholders will reportedly
receive about $117 million in Diamondback shares,
as well as an additional $8 billion in cash. .
The merger will see current
Endeavor shareholders retain just under
40% of the newly created company.
The latest news comes amid a wave of
mergers aimed at increasing output by purchasing
rivals who own the rights to proven oil reserves.
October saw Chevron make a $53 billion deal to
purchase Hess and ExxonMobil finalized a $59.5
billion acquisition of Pioneer Natural Resources.
October saw Chevron make a $53 billion deal to
purchase Hess and ExxonMobil finalized a $59.5
billion acquisition of Pioneer Natural Resources.
The recent acquisition of Endeavor is focused on boosting
extraction of oil and gas from the Permian oilfield,
which spans large swathes of New Mexico and Texas.
In 1979, Endeavor was founded with a single
well in the Permian oilfield and now produces
approximately 400,000 barrels of oil per day.
The International Energy Agency (IEA) has warned
that new fossil fuel developments will push the
world past global warming safety thresholds
Credit: Wibbitz Top Stories Duration: 01:31Published
Although Grace is now a depression it still poses a flood threat to Hispaniola. Meanwhile Fred is poised to make landfall on the Florida peninsula Monday. CNN meteorologist Tom Sater has all the..