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.
Nvidia Looks to , Accelerate Production , With New Packaging Technology.
Yahoo Finance reports that Nvidia Corp has announced
plans to use Fan-Out Panel Level Packaging (FOPLP)
technology to package its GB200 AI server chips.
The change was reportedly made to address production constraints
on the currently used Chip on Wafer Substrate (CoWoS) packaging
used at the Taiwan Semiconductor Manufacturing Company.
The change was reportedly made to address production constraints
on the currently used Chip on Wafer Substrate (CoWoS) packaging
used at the Taiwan Semiconductor Manufacturing Company.
According to industry experts, FOPLP
could be a viable alternative to CoWoS
amid the increasing demand for AI chips. .
Analysts consider Nvidia the premier accelerated
compute and generative AI supplier, backed
by production plans with Blackwell Chip. .
Over the past year, stock in
Nvidia has gained over 184%. .
On May 29, shares in Nvidia were up
0.89% at $1,149.10 in premarket trading. .
Yahoo Finance reports that a growing
number of packaging companies are
getting ready to offer FOPLP services. .
Yole Group has predicted that
its market share will increase
from 2% in 2022 to 8% by the year 2028.
The gains are expected to primarily
be driven by higher yields and
increasing cost efficiency.
Experts point out that while FOPLPs could reduce cost
and expand capacity, they have weaker technical
specifications compared to the current CoWoS standard
Credit: Wibbitz Top Stories Duration: 01:31Published
Kamala Harris pressed Israeli Prime Minister Benjamin Netanyahu on the dire humanitarian situation in Gaza, signaling a potential shift from President Biden's approach. Harris expressed serious concern and emphasized the need for Israel to consider the impact of its actions. This came amid ongoing efforts for a ceasefire in Gaza. Biden’s recent endorsement of Harris for the 2024 presidential nomination adds a new dynamic to U.S. policy in the region.
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Former president Barack Obama told Kamala Harris he "couldn't be prouder" as he endorsed her to replace Joe Biden as the Democratic candidate for the US.. Sky News
Netanyahu's first visit to the White House since 2020 comes a day after he gave a fiery speech to Congress in which he vowed "total victory" against Hamas and denounced American opponents of the war in Gaza as "idiots".
Credit: euronews (in English) Duration: 02:21Published
Pete Buttigieg is fully onboard with getting Vice President Kamala Harris elected to the White House ... whether or not she selects him as her running mate... TMZ.com
Biden Won’t Drop Out of Race , After Shaky Debate Performance, Campaign Official Says.
President Biden and former President Trump took part in a debate on June 27.
President Biden and former President Trump took part in a debate on June 27.
According to a CNN flash poll,
67% of viewers said Trump won the debate.
According to a CNN flash poll,
67% of viewers said Trump won the debate.
Biden's performance was noticeably concerning. .
One former Biden aide found themselves asking, “What did he just say?
This is crazy,” Politico reports. .
When the president wasn't speaking incoherently, he was standing with his mouth agape and staring into the distance, prompting many Democrats to call for a new presidential candidate, 'The Hill' reports. .
My job right now is to be really honest.
Joe Biden had one thing he had to do
tonight. And he didn’t do it, Former Sen. Claire McCaskill, to MSNBC .
He had one thing he had to accomplish.
And that was reassure America that
he was up to the job at his age.
And he failed at that tonight, Former Sen. Claire McCaskill, to MSNBC .
Biden needs to drop out.
No question about it, Prominent Biden campaign donor, via Politico.
But Seth Schuster, Biden's campaign
spokesperson, said in a text message,
"Of course he's not dropping out," 'The Hill' reports. .
Even though Biden intends to stay in the race,
if things don't go his way, there are six people who
could potentially take his place, 'The Guardian' reports. .
They are Kamala Harris, Gavin Newsom,
J.B. Pritzker, Gretchen Whitmer,
Sherrod Brown and Dean Phillips.
They are Kamala Harris, Gavin Newsom,
J.B. Pritzker, Gretchen Whitmer,
Sherrod Brown and Dean Phillips.
They are Kamala Harris, Gavin Newsom,
J.B. Pritzker, Gretchen Whitmer,
Sherrod Brown and Dean Phillips.
They are Kamala Harris, Gavin Newsom,
J.B. Pritzker, Gretchen Whitmer,
Sherrod Brown and Dean Phillips.
They are Kamala Harris, Gavin Newsom,
J.B. Pritzker, Gretchen Whitmer,
Sherrod Brown and Dean Phillips.
They are Kamala Harris, Gavin Newsom,
J.B. Pritzker, Gretchen Whitmer,
Sherrod Brown and Dean Phillips
Credit: Wibbitz Top Stories Duration: 01:31Published
Judge Blocks $30 Billion , Visa, Mastercard , ‘Swipe Fee’ Settlement.
Federal Judge Margo Brodie rejected the $30 billion antitrust settlement on June 25, 'The Hill' reports. .
In March, Visa and Mastercard agreed
to limit interchange fees that retailers
who accept their cards are charged. .
The companies said they would reduce swipe fees for at least three years by a minimum of 4 basis points.
They also agreed to "cap their fees at 2023 levels
for the next five years," 'The Hill' reports. .
Retail industry groups criticized the proposed settlement since it would only provide temporary relief to a larger problem. .
Thankfully, the judge made the right
call in recognizing what a bad deal
this would have been for Main Street
merchants and their customers. , Christopher Jones, member of the executive committee
of the Merchants Payments Coalition (MPC), via 'The Hill'.
It’s extremely unusual for a judge to
reject a settlement at the preliminary
stage, so this shows how far Visa and
Mastercard’s proposal missed the mark, Christopher Jones, member of the executive committee
of the Merchants Payments Coalition (MPC), via 'The Hill'.
The average swipe fee that retailers
pay is 2.24%, but it can go up to 4%,
according to the National Retail Federation.
The credit card payment market
has been broken for decades. , The Retail Industry Leaders Association, via 'The Hill'.
Leading retailers are grateful that
Judge Brodie saw through the facade
of the proposed settlement.., The Retail Industry Leaders Association, via 'The Hill'.
... and understood that it would not
provide the meaningful change that is
needed to correct the competitive
imbalance in the interchange ecosystem, The Retail Industry Leaders Association, via 'The Hill'.
Retailers have also called on lawmakers to pass the Credit Card Competition Act.
Supporters claim that the bill would break
up Visa and Mastercard's dominance
and allow for more competition
Credit: Wibbitz Top Stories Duration: 01:31Published
Voters Don’t Think Kamala Harris Could Win , an Election as Democratic Nominee, Survey Finds.
Amid speculation about Biden's advanced
age, Harris has previously said she's
ready to be president "if necessary." .
Amid speculation about Biden's advanced
age, Harris has previously said she's
ready to be president "if necessary." .
But what if she received a Democratic presidential candidate nomination?.
According to a Politico/Morning
Consult poll released on June 12, .
only a third of voters think Vice President Harris could win an election as a Democratic presidential nominee, 'The Hill' reports. .
14% of voters thought her chances of becoming president would be very likely.
while 20% think she'd be
only somewhat likely to win.
37% said it's not at all likely
that she would win. .
Meanwhile, 21% said they'd want Harris to be the Democratic nominee if Biden wasn't running.
10% said they'd prefer Gavin Newsom, and another 10% would support Pete Buttigieg.
10% said they'd prefer Gavin Newsom, and another 10% would support Pete Buttigieg.
Over 40% were unsure or indifferent. .
The poll also determined "that 42%
have a very unfavorable impression" of
both Harris and Biden, 'The Hill' reports
Credit: Wibbitz Top Stories Duration: 01:30Published
Donald Trump Wants , to End Taxes on Tips.
While speaking at a rally in Las Vegas on June 9,
Trump said the "first thing" he'll do if reelected president
is stop tips from being taxed, 'The Hill' reports. .
For those hotel workers and people that
get tips, you’re going to be very happy.
Because when I get to office, we are
going to not charge taxes on tips. , Donald Trump, via statement.
We’re not going to do it, and
we’re going to do that right away,
first thing in office, because it’s
been a point of contention
for years and years and years, Donald Trump, via statement.
And you do a great job of service, you
take care of people and I think it’s going
to be something that really is deserved, Donald Trump, via statement.
Congressional approval would be necessary
to make those changes, 'The Hill' reports.
Trump’s 2017 Tax Cuts and Jobs Cut Act (TCJA) expires next year, .
but if he's reelected and if Republicans
end up with a majority in Congress, .
his previous policies could
easily be extended and amended. .
Trump went on to attack
President Biden's policies on Truth Social.
Trump went on to attack
President Biden's policies on Truth Social.
Crooked Joe Biden has taken the totally
opposite approach, trying to TAX more
and more of their Tips, even hiring
88,000 IRS Agents to collect! , Donald Trump, via Truth Social.
Hopefully Rank and File Union Members,
Union Leadership itself, and Workers all
over the Country, both Union and Non-Union,
will support Donald J. Trump, , Donald Trump, via Truth Social.
... because I’m NO TALK AND ALL ACTION!
TRUMP KEEPS HIS PROMISES, AND STANDS
WITH OUR GREAT WORKERS. PROMISES
MADE, PROMISES KEPT!, Donald Trump, via Truth Social.
Meanwhile, the Culinary Workes Union Local 226 in Las Vegas scoffed at Trump's promises.
Relief is definitely needed for tip earners, but
Nevada workers are smart enough to know the
difference between real solutions and wild
campaign promises from a convicted felon. , Culinary Union Secretary Treasurer Ted Pappageorge, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
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Border Arrests Fall Over 40% , Since Biden Suspended Asylum Processing.
The Homeland Security Department made the announcement on June 26, NPR reports. .
Average daily arrests that the
Border Patrol has made over a week-long period have dropped below 2,400.
That is a decrease of over 40% from before the president's proclamation went into effect on June 5.
That is a decrease of over 40% from before the president's proclamation went into effect on June 5.
However, arrests need to drop to the
1,500 mark before asylum processing can resume.
Still, the current data marks the lowest number
of arrests since Jan. 17, 2021, NPR reports. .
Last week, President Biden touted a 25% decrease
in border arrests since the order took effect, .
which means they've
dropped a lot more since then.
Homeland Security Secretary Alejandro Mayorkas has called the executive order a "tremendous success.".
We indeed have seen a tremendous
success early on, and I should emphasize
that it is early on in our implementation
of the president’s proclamation and
our accompanying regulation, Alejandro Mayorkas, to CNN.
Mayorkas will address border enforcement
efforts in Tuscon, Arizona, on June 26.
The area has served as "the busiest corridor for illegal crossings" recently, NPR reports.
Credit: Wibbitz Top Stories Duration: 01:31Published
Microdose Chocolate , May Cause Seizures, FDA Warns.
The FDA says that several people in
four states have gotten sick after eating Diamond Shruumz chocolate bars.
Severe symptoms experienced by the victims include "seizures, central nervous system depression, agitation, abnormal heart rates, hyper/hypotension, nausea and vomiting," CBS News reports. .
The chocolate, which is sold across the country, landed six of the eight victims in the hospital. .
The company's website says that the chocolate
is manufactured with a "primo proprietary blend
of nootropic and functional mushrooms.".
In 2022, the FDA called nootropics "a term widely used to market unapproved products as 'smart drugs' and 'cognitive enhancers.'".
On June 7, the FDA warned parents to
keep their kids away from the chocolate
which is marketed as candy. .
Parents and caregivers should consider
discussing the information in this
advisory with their children and take
extra care to avoid this product being
consumed by younger people. , FDA, via statement.
Half of the victims were in
Arizona, CBS News reports. .
While these products claim to
contain only natural ingredients
and no scheduled drugs, there is
clearly something toxic occurring, Steve Dudley, director of the Arizona Poison and
Drug Information Center, via news release.
We've seen the same phenomenon
of people eating the chocolate bar
then seizing, losing consciousness,
and having to be intubated, Steve Dudley, director of the Arizona Poison and
Drug Information Center, via news release
Credit: Wibbitz Top Stories Duration: 01:30Published
Paige Scholfield hits 71 as Oval Invincibles cruise to a 46-run win over Birmingham Phoenix in the opening match of The Hundred women's competition. BBC Sport
Intel Reveals , New AI Chips.
On June 4, Intel announced its new
Xeon 6 processor, CNBC reports. .
The new AI chips will help to
provide better performance and more efficient power for data centers.
The announcement follows similar
launches from rivals Nvidia and AMD.
The announcement follows similar
launches from rivals Nvidia and AMD.
Intel launched its 5th Gen Intel Xeon processors just six months ago.
In April, the company
unveiled the Gaudi 3 processor.
Customers are looking for high
performance, cost-effective gen AI
training and inferencing solutions.
And they’ve started to turn
to alternatives like Gaudi. , Patrick Gelsinger, chief executive officer of Intel Corp., via statement.
They want choice. They want
open software and hardware
solutions and time to market
solutions at dramatically lower
TCOs [total cost of ownership], Patrick Gelsinger, chief executive officer of Intel Corp., via statement.
Intel plans "to continue to grow the AI PC category" with its Lunar Lake chips, which
are scheduled to ship in Q3 2024.
Intel, which recorded a $7 billion operating loss in 2023, is attempting to catch up to
its rivals amid the ongoing AI frenzy.
While Intel has been struggling, it differs from Nvidia and AMD because it manufactures chips in addition to designing them.
Additionally, Intel received $20 billion in funding from the CHIPS and Science Act
which could help the company to advance.
Additionally, Intel received $20 billion in funding from the CHIPS and Science Act
which could help the company to advance
Credit: Wibbitz Top Stories Duration: 01:31Published
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