According to the White House, the US produces less than 10pc of the world’s chips and ‘none’ of the most advanced ones, outperformed by Asian counterparts. : US pumps billions into Intel to boost domestic chip industry
Just after the White House announced the $19.5 billion investment as part of the CHIPS Act initiative, Intel has unveiled its ambitious plan for the future of chip manufacturing in the US. The x86 chipmaker plans to invest $100 billion in the next few years, constructing new manufacturing plants andRead Entire Article
Tech giant Apple has agreed to pay almost half a billion dollars to investors on Friday, ending a nearly five year legal battle over allegations it exaggerated iPhone demands in China in 2018. The $490 million settlement, which has been filed with the U.S. District Court in Oakland, California, will go to investors who bought […]
The Biden administration said it is awarding Intel nearly $20 billion in grants and loans on Wednesday, supercharging the company's domestic semiconductor chip output and marking the government's largest outlay to subsidize leading-edge chip production. Biden will announce the preliminary agreement for $8.5 billion in grants and up to $11 billion in loans for Intel in Arizona, with some of the funding to be used to build two new factories and modernize an existing one. Commerce department...
The US carriers have total control over the US phone market, so they bear responsibility for Apple's monopoly position.
Crypto exchange FTX said it expects to negotiate U.S. government claims in its bankruptcy down to $3 billion to $5 billion, leaving no money for shareholders and contradicting a reckless and false claim by founder Sam Bankman-Fried that FTX's collapse caused no harm. FTX revealed those estimates in court documents on Wednesday in response to founder Sam Bankman-Fried's claims that he should receive a light prison sentence because FTX will be able to repay its customers in full ....
The White House said on Wednesday that Intel has been awarded up to $8.5 billion as part of the CHIPS Act.
A mystery person in the US state of New Jersey has won a whopping $1.13
The CHIPS Act is designed to boost semiconductor manufacturing in the US and improve innovation in the country, especially with the threat of a Chinese invasion constantly hanging over Taiwan, home of TSMC.Read Entire Article
The US Department of Justice (DoJ) filed a watershed antitrust lawsuit against Apple, accusing it of engaging in anti-competitive conduct that hurts both consumers and developers.
MONTREAL--(BUSINESS WIRE)--Dynacor Group Inc. (TSX-DNG) (Dynacor or the
RAWALPINDI: Pakistan has witnessed a significant surge in terrorist attacks