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
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
Credit: Wibbitz Top Stories Duration: 01:30Published
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
FDA Testing Reveals , Bird Flu Virus , in 1 in 5 Milk Samples.
'Time' reports that the Food and Drug Administration
(FDA) has warned that traces of bird flu have been found
in nearly one-fifth of commercial milk samples tested. .
In a statement released on the agency's website,
the FDA said that traces of the virus do not
necessarily indicate a risk to consumers. .
According to the FDA, more tests are needed
to confirm if intact pathogens that remain
infectious are present in the samples.
Those tests would determine , "whether there is any risk of illness
associated with consuming the product.".
'Time' reports that the results of the study
come as a stark warning of how quickly the
virus is spreading among dairy cows in the U.S.
The virus has already killed millions of birds globally,
raising both health and food security concerns,
as well as spooking global markets.
The virus has already killed millions of birds globally,
raising both health and food security concerns,
as well as spooking global markets.
So far, the Department of Agriculture has already
confirmed 33 infected herds across eight states,
including Texas, Michigan and Ohio.
So far, the Department of Agriculture has already
confirmed 33 infected herds across eight states,
including Texas, Michigan and Ohio.
In an effort to understand the extent of the outbreak
and potentially contain it, the USDA has implemented
mandatory testing of cows moving across state borders.
Authorities have stressed that the current
risk to humans remains low, with only one
identified human case in the U.S. this year. .
To date, the retail milk studies
have shown no results that would
change our assessment that the
commercial milk supply is safe. , FDA statement, via 'Time'
Credit: Wibbitz Top Stories Duration: 01:31Published
Norfolk Southern Offers , Settlement to Resolve Lawsuits , Related to 2023 Derailment.
Train operator Norfolk Southern has agreed to pay $600
million as part of a settlement to a class-action lawsuit as
part of a February 2023 derailment in East Palestine, Ohio.
Train operator Norfolk Southern has agreed to pay $600
million as part of a settlement to a class-action lawsuit as
part of a February 2023 derailment in East Palestine, Ohio.
Associated Press reports that the agreement, which would
resolve all class action lawsuits within a 20-mile radius
from the derailment, is still pending court approval.
Associated Press reports that the agreement, which would
resolve all class action lawsuits within a 20-mile radius
from the derailment, is still pending court approval.
According to the agreement, the settlement would also
resolve personal injury claims within a 10-mile radius of
the accident site for residents choosing to participate.
According to the agreement, the settlement would also
resolve personal injury claims within a 10-mile radius of
the accident site for residents choosing to participate.
On April 9, Norfolk Southern said that
the settlement does not constitute an
admission of liability or fault for the fiery crash.
The East Palestine derailment has already cost
Norfolk Southern over $1.1 billion, including
$104 million in aid for residents and the town. .
The East Palestine derailment has already cost
Norfolk Southern over $1.1 billion, including
$104 million in aid for residents and the town. .
AP reports that while the company has promised
to create a fund to help pay for the community's
long-term health needs, that fund has yet to be created. .
AP reports that while the company has promised
to create a fund to help pay for the community's
long-term health needs, that fund has yet to be created. .
Norfolk Southern CEO Alan Shaw said that the railroad operator is, “becoming a more productive and efficient railroad. .
There is still more work
to be done to achieve
industry-competitive margins, Alan Shaw, Norfolk Southern CEO, via Associated Press.
There is still more work
to be done to achieve
industry-competitive margins, Alan Shaw, Norfolk Southern CEO, via Associated Press.
The operator reported preliminary Q1 earnings of
23 cents per share, reflecting the impact of the settlement and cleanup costs for the derailment.
Credit: Wibbitz Top Stories Duration: 01:31Published
The Indian embassy confirmed Mohammed Abdul Arfath's tragic death in the US after he went missing for three weeks. His family received a ransom call, highlighting the grim situation. Arfath's demise adds to the alarming trend of Indian student deaths in the US this year. Calls for improved security measures persist as concerns for student safety escalate.
#MohammedAbdulArfath #Arfath #IndianStudent #IndianStudentinUS #ITOhio #MajlisBachao #IndiaUS #Biden #IndianStudents #USnews #Worldnews #Oneindia #Oneindianews
~ED.101~GR.122~
The Indian Consulate in New York confirmed the death of Indian student Uma Satya Sai Gadde in Ohio, amid a concerning trend of Indian students facing adversity in the US. This incident adds to recent cases highlighting safety concerns, prompting calls for greater accountability from the Biden administration and enhanced support for international students studying in the country.
#UmaSatyaSaiGadde #SaiGadde #IndianStudent #IndiaStudent #IndiansinUSA #USA #Bidennews #USnews #Worldnews #Oneindia #Oneindianews
~PR.152~ED.103~GR.125~HT.96~
Two Telangana students, Nivesh Mukka and Goutham Kumar Parsi, aged 19, tragically perished in a road accident in Arizona, USA. Both studying computer science engineering at Arizona State University, they were returning home when their vehicle collided head-on with another car. The families urge Indian government assistance to repatriate their bodies. The incident underscores safety concerns for Indian students abroad.
#indianstudentus #indianstudentsusa #indianstudentsinusatelugu #indiastudentusa #indianstudentsinusadeath #indianstudentsinusauniversities #NiveshMukka #GouthamParsi #ArizonaStateUniversity #Oneinda #Oneindia news
~HT.99~PR.152~ED.155~
Kelly Clarkson is opening up about her difficult pregnancy journey on her talk show amid Arizona's near total abortion ban. Clarkson brought on Hillary Clinton as a guest on her recent episode and discussed Arizona Supreme Court decision to allow the state to prepare to enforce a near-total abortion ban based on an 1864 law. Clarkson then shared that she was hospitalized during both of her pregnancies and feared losing her life.
Credit: The Hollywood Reporter Duration: 01:44Published
The end of another hectic week, but -- before you hit the town Saturday -- check out some of our best clips from the week. On "TMZ Live," Harvey and Charles.. TMZ.com
Joe Biden's opening up about his mental health struggles ... saying he once considered taking his own life in one particularly low moment -- but, his kids saved.. TMZ.com
Secretary of State Antony Blinken met with Chinese President Xi Jinping in Beijing on Friday as he wrapped up a three-day visit to China dominated by contentious issues and warnings from his hosts of another “downward spiral” in relations. The two met Friday afternoon local time at the Great Hall of the People, an ornate and cavernous building next to Tiananmen Square. Blinken told Xi that President Joe Biden had sent him to China to “seek to deepen areas of cooperation as well as to responsibly manage the differences that we have.” Xi noted that this year is the 45th anniversary of the establishment of diplomatic relations between the United States and China, and said the two countries “should be partners rather than adversaries.”
#BlinkenXiMeeting #ChinaUSRelations #DiplomaticTalks #GlobalIssues #BilateralRelations #ForeignPolicy #Diplomacy #InternationalRelations #USChinaDialogue #XiJinpingMeeting
~HT.97~PR.152~ED.155~
A woman got kidnapped in Oregon over the weekend in the middle of the night -- all of which was captured on a doorbell camera ... and thankfully, she's been.. TMZ.com
Supreme Court Considers Letting Cities , Punish Homeless for Sleeping Outside.
On April 22, the Supreme Court will hear a case out of Grants Pass, Oregon, which has a population of less than 40,000, NPR reports. .
'Grants Pass v. Johnson' seeks to challenge two
9th U.S. Circuit Court of Appeals rulings which found fining or jailing the unhoused to be cruel and unusual punishment when they have no other alternative.
'Grants Pass v. Johnson' seeks to challenge two
9th U.S. Circuit Court of Appeals rulings which found fining or jailing the unhoused to be cruel and unusual punishment when they have no other alternative.
But Grants Pass argues that public health and safety are dependent on camping restrictions that are commonly found across America. .
The city contends that homeless encampments pose a danger to those living
in them, as well as to families and children.
This is because the encampments
are often filled with people who need
mental health and drug addiction resources.
Advocates for the unhoused say that criminalizing sleeping outside is counterproductive. .
Punishing someone for doing
something they have no control
over, no ability to not do, is not
going to end that status. In fact,
not only does criminalization not
work, it makes matters worse. , Ed Johnson of the Oregon Law Center, via NPR.
A criminal record and debt from fines would make it even more difficult for a homeless person to find housing, says Ed Johnson of the Oregon Law Center.
But many cities don't have
enough permanent housing to offer.
Grants pass could use about 4,000 more housing units, while the national
"deficit is in the millions," NPR reports.
The shortage has caused rents to skyrocket, which is a main driver of homelessness
Credit: Wibbitz Top Stories Duration: 01:31Published
One of the nation's most famous hotels featured in the Stanley Kubrick film, "The Shining," went up in flames Thursday night – but luckily firefighters put out.. TMZ.com
This Day in History:, The Great San Francisco Earthquake.
April 18, 1906.
At 5:13 a.m., an earthquake
struck offshore of San Fransisco,
a city with a population of 400,000 at the time.
The quake was felt from
southern Oregon to Los Angeles,
and ruptured 296 miles of the San Andreas fault.
Destroying San Francisco's water mains,
the quake ignited massive, devastating
fires all over the city that could not be combated.
The fires burned for days,
resulting in the deaths of more than
3,000 people and destroying more than 28,000 buildings.
More than half of the city was
left homeless by the disaster.
Damages were estimated to close to $15 billion in
today's dollars. The recovery and rebuild allowed city
planners to make great improvements to San Francisco
Credit: Wibbitz Top Stories Duration: 00:57Published
Fusion Industry Leaders , Hold DC Conference , Looking for Investors.
Fox News reports that leaders in the West's
emerging nuclear fusion industry are
convening this week to attract..
Credit: Wibbitz Top Stories Duration: 01:31Published
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