Micron Technology Inc., the largest US maker of computer-memory chips, is poised to get $6.1 billion in grants from the Commerce Department to help pay for domestic factory projects, part of an effort to bring semiconductor production back to American soil.
Memory chip maker Micron Technology is set to get more than $6 billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects, Bloomberg News reported on Wednesday. The award, which is not yet finalized, could be announced as soon as next week, the report said, citing people familiar with the matter. New York Governor Kathy Hochul said in a statement that the largest private investment in American history is on its way to Central New York. New federal funding...
SYRACUSE, N.Y. (WSYR-TV) — President Joe Biden will visit Central New York next week to formally announce the $6.1 billion award of CHIPS funding to Micron, sources familiar with the White Ho
Samsung may consider launching the Galaxy Z Fold 6 and Galaxy Z Flip 6 in Exynos and Snapdragon variants for different markets because of the burden of increased component purchase costs.
Semiconductors form the backbone of modern electronics, powering everything from smartphones and computers to advanced medical devices and innovative military technology. The United States has long been a leader in semiconductor manufacturing, but in recent years, the industry has faced increasing competition from overseas manufacturers. Recognizing the strategic importance of maintaining a strong domestic semiconductor […]
Biden celebrates Earth Day by boosting the Solar for All Program with $7 billion solar cash grants and expanding the US Climate Corps.
(Bloomberg) -- A selloff in the world’s largest technology companies hit stocks, with the industry that has powered the bull market getting ready to report earnings next week.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory Strike on Iran‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapEquities extended their slide...
Sources familiar with the matter told Bloomberg that the deal is not yet finalized but could be wrapped up and announced as soon as next week. Based on the language used in the article, it does not sound as if the money is coming from the Chips and Science ActRead Entire Article
As we reported on Wednesday, Sen. Chuck Schumer (D-NY) violated all kinds of precedent by refusing to hold the impeachment trial of DHS head Alejandro Mayorkas after he had been impeached in the House. Schumer, for the first time in history, refused to pursue the matter.
Samsung , in a bold move to address its recent financial challenges, has mandated a six-day work week for its executive staff.Last year, the South Korean conglomerate faced a significant financial challenge, with its operating profit dropping by 85% to $4.7 billion, marking its worst performance since 2009.Despite this, the company's net profit remained strong, albeit with a 73% decrease in the final quarter of 2023 to $11.24 billion, demonstrating Samsung's resilience in the face of...
Apple's Let Loose iPad livestream event takes place on May 7, when it's expected to unveil a new iPad Air and updated iPad Pro, the latter of which will likely receive the first OLED panel in the long-running iPad series.Read Entire Article
It follows a wet and windy weekend