Biden Announces Deal With Taiwan’s TSMC to Ramp Up US Chip Production
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
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.
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
Taiwan was struck by a devastating 7.7 magnitude earthquake, leading to five fatalities and over 70 injuries. The tremor also disrupted operations at key semiconductor manufacturing facilities, including Taiwan Semiconductor Manufacturing Co. (TSMC) and United Microelectronics Corp. (UMC), sparking concerns about global chip supply.
#Taiwan #TaipeiEarthquake #Semiconductors #TSMC #Taiwannews #Tsaiingwen #Hualien #TaiwanEarthquake #Worldnews #Earthquakenews #Oneindia #Oneindianews
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Kamala Harris sat down with Drew Barrymore to stump for Joe Biden -- and there were some interesting takeaways ... including how she laughs, and a new nickname... TMZ.com
US President Biden reaffirmed opposition to Israel's planned invasion of Gaza's Rafah during a call with PM Netanyahu. International pressure mounts for a ceasefire amid concerns for over a million Palestinians. Qatar mediates, urging sincerity. Hamas releases videos, urging Israel's concessions. Biden urges enhanced humanitarian aid delivery.
#USPresident #JoeBiden #Gaza #GazaInvasion #Qatar #BenjaminNetanyahu #RafahInvasion #rafahnews #Worldnews #Oneinda #Oneindia news
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President Joe Biden put on his comedy hat at the White House Correspondents' Association's annual dinner Saturday – throwing a major barb at Donald Trump for.. TMZ.com
At a media dinner in Washington on Saturday night, US President Joe Biden used his opportunity at the podium to to call on foreign governments to release detained journalists and roast his presumptive Republican running-mate Donald Trump over his age and literary tastes.
Credit: euronews (in English) Duration: 00:54Published
Another week's just around the corner ... but, before we dive into another hectic seven-day stretch, let's look back at the week that was. On "TMZ Live," Harvey.. TMZ.com
Go behind closed doors as Kim Kardashian joins Vice President Kamala Harris at the White House for a crucial roundtable discussion on criminal justice reform. Witness their collaborative efforts and passionate advocacy for second chances and meaningful change.
#KimKardashian #KamalaHarris #WhiteHouse #WhiteHouseRoundTable #JoeBiden #TheKardashians #VPKamalaHarris #Oneindia
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Kim Kardashian went back to the White House to advocate for criminal justice reform -- only here, it was with Biden's camp ... proving she's loyal to the cause,.. TMZ.com
FTC to Decide , Whether Noncompete Agreements , Should Be Banned.
After receiving over 26,000 public comments about the issue, the Federal Trade Commission is set to deliver its verdict on April 30, NPR reports. .
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
Approximately one in five Americans, spanning minimum wage workers to CEOs, are subject to noncompete agreements, the FTC estimates. .
The Biden administration says that these types of agreements hurt workers by decreasing wages.
The White House also argues that these
agreements harm the U.S. economy because entrepreneurship isn't allowed to freely flourish. .
FTC Chair Lina M. Khan issued a statement when
the proposed ban was initially introduced.
The freedom to change jobs is
core to economic liberty and to
a competitive, thriving economy, FTC Chair Lina M. Khan, via statement.
Noncompetes block workers from
freely switching jobs, depriving
them of higher wages and better
working conditions, and depriving
businesses of a talent pool that
they need to build and expand, FTC Chair Lina M. Khan, via statement.
Businesses argue that noncompete agreements are essential for safeguarding investments and proprietary information.
Those businesses also question whether
the agency has the power "to regulate
such agreements," NPR reports. .
If the FTC votes to issue a final rule, enforcement wouldn't occur for 180 days,
and legal challenges would likely ensue.
Credit: Wibbitz Top Stories Duration: 01:31Published
Title IX Regulations Add Protections , for Transgender Students.
Title IX prohibits "sex-based discrimination at government-funded schools," 'The Hill' reports. .
On April 19, the Biden administration revealed the last of its changes to the federal civil rights law. .
The new regulations expand how sex discrimination is defined, now including
sexual orientation and gender identity. .
These final regulations build on the
legacy of Title IX by clarifying that
all our nation’s students can access
schools that are safe, welcoming,
and respect their rights. , Education Secretary Miguel Cardona, via statement.
The update also reinstates "protections for student survivors of sexual assault and harassment" which were changed under President Trump, 'The Hill' reports.
Catherine Lhamon, the Education Department’s assistant secretary for civil rights, .
says the new rules will help schools
respond to "all sex discrimination,
not limited to sexual harassment.".
Biden's final changes to Title IX
are sure to be condemned by Republicans
who view transgender protections as failing
to protect cisgender women and girls.
The new changes will take effect Aug. 1.
The Biden administration has not yet finalized an additional rule pertaining to sports eligibility. .
Since 2021, 24 states have passed laws prohibiting transgender student-athletes from playing on
sports teams that align with their gender identity
Credit: Wibbitz Top Stories Duration: 01:31Published
March Retail Sales , Exceeded Expectations.
New Commerce Department data surprised
some analysts on April 15, 'The Hill' reports. .
The agency's latest estimates indicate
that March retail sales increased by 0.7%.
They were only expected
to rise 0.3% last month.
While sales exceeded estimates for March, the jump
was still below the 0.9% increase in February.
Compared to the same time last year, total sales
for the first three months of 2024 were up 2.1%.
On April 10, the Labor Department released data showing that inflation rose last month. .
The consumer price index (CPI)
increased 0.4% in March and 3.5% annually.
In February, consumer prices
increased 3.2% year-over-year. .
Still, the newest Commerce Department data suggests that Americans continue to spend despite prolonged inflation, 'The Hill' reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Biden Cancels Over $7 Billion in Student Debt , for More Than 277,000 Borrowers.
On April 12, President Joe Biden said that over 277,000 borrowers in more than
40 states will have $7.4 billion in student
loan debt wiped out, 'The Hill' reports. .
To date, the Biden administration has canceled $153 billion in student loan debt. .
From day one of my administration,
I promised to fight to ensure higher
education is a ticket to the middle class,
not a barrier to opportunity. , President Joe Biden, via statement.
I will never stop working to cancel
student debt – no matter how
many times Republican elected
officials try to stop us, President Joe Biden, via statement.
'The Hill' reports that Biden's loan forgiveness has largely been aimed at helping
"public service workers, those on IDR plans," .
people who've been defrauded by educational institutions and those with disabilities. .
Republican Rep. Virginia Foxx, chair of the House Education Committee, issued a statement in response to Biden's actions. .
The administration is tone deaf.
There’s no other way to put it, Rep. Virginia Foxx, chair of the House Education Committee, via statement.
We know that instead of doing its
job the administration focused
time, energy, and resources on
its illegal student loan scheme. , Rep. Virginia Foxx, chair of the House Education Committee, via statement.
And that has been frustrating, especially
since it has jeopardized the academic
journey of millions of students, Rep. Virginia Foxx, chair of the House Education Committee, via statement.
But what is absolutely maddening is
that the administration is STILL not
doing its job and instead focusing on
its student loan shenanigans. , Rep. Virginia Foxx, chair of the House Education Committee, via statement.
White House press secretary Karine Jean-Pierre said, , “We know what Republicans are going to do; we can’t
stop them from that. But it’s also not going to stop the president from acting and taking action, like he is today.”
Credit: Wibbitz Top Stories Duration: 01:30Published
Warnock Calls GOP’s Criticism , of Trans Visibility Day , ‘Opposite of Christian Faith’.
This year, Trans Day of Visibility
coincidentally fell on Easter Sunday.
President Joe Biden was attacked by Conservatives for making a declaration about the day, as he does every year, because it fell on the Christian holiday.
One of Biden's critics, Speaker Mike Johnson, called Biden's declaration an "outrageous
and abhorrent" attack on the religion. .
One of Biden's critics, Speaker Mike Johnson, called Biden's declaration an "outrageous
and abhorrent" attack on the religion. .
Senator Raphael Warnock, a reverend,
has denounced GOP criticism, calling it the
"opposite of the Christian faith," 'The Hill' reports. .
Apparently, the Speaker finds trans
people abhorrent, and I think he
ought to think about that, Sen. Warnock, via interview with CNN's Dana Bash.
This is just one more instance
of folks who do not know how
to lead us trying to divide us, Sen. Warnock, via interview with CNN's Dana Bash.
This is the opposite of the
Christian faith. Jesus centered the
marginalized. He centered the poor, Sen. Warnock, via interview with CNN's Dana Bash.
And in a moment like this, we need
voices, particularly voices of faith,
who would use our faith not as a
weapon to beat other people down but
as a bridge to bring all of us together, Sen. Warnock, via interview with CNN's Dana Bash.
The White House also issued a statement.
As a Christian who celebrates
Easter with Family, President
Biden stands for bringing people
together and upholding the dignity
and freedoms of every American, White House spokesperson Andrew Bates, via statement.
Sadly, it’s unsurprising politicians
are seeking to divide and weaken
our country with cruel, hateful,
and dishonest rhetoric. President
Biden will never abuse his faith for
political purposes or for profit, White House spokesperson Andrew Bates, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
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
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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
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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