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 […]
Samsung on Tap to Receive Up to $6.4B in CHIPS Funding The U.S. Department of Commerce has signed a non-binding preliminary memorandum of terms to provide up to $6.4 billion in direct funding to Samsung under the CHIPS and Science Act. The proposed investment would support the creation of more than Telecompetitor
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
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.
It was an absolute run-fest in Delhi on Saturday as SunRisers Hyderabad went past 250 for the third time in the IPL 2024. With the help of some tremendous hitting from Travis Head, Abhishek Sharma and Shahbaz Ahmed, SRH put up an intimidating total of 267/6 in 20 overs. However, DC put up a strong fight with youngster Jake Fraser-McGurk taking a leading role. He came out all guns blazing scoring a 15-ball half century, the fasted in IPL 2024 this season. It's the joint third-fastest fifty in the...
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.
President Joe Biden will give a speech Thursday in Syracuse, New York, about the recent investment in semiconductor factories. The speech will address how the CHIPS and Science Act will strengthen semiconductor manufacturing in the U.S. The event is expected to begin at 2 p.m. CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER The […]
Strengthening his selection case for the ICC T20 World Cup in his comeback season of the Indian Premier League on Wednesday, Delhi Capitals skipper Rishabh Pant showcased his batting pyrotechnics against former champions Gujarat Titans. The Delhi Capitals launched an all-out attack on veteran pacer Mohit Sharma in the final over of the DC innings on matchday 40 of the IPL 2024 at the Arun Jaitley Stadium.Pant's batting masterclass paved the way for Mohit to bag an unwanted record in the IPL....
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...
IBM said it would buy HashiCorp, a cloud software maker that's growing at a faster pace. IBM reported its third revenue miss in five quarters.
Last week President Biden visited Syracuse, NY, to do something government officials typically do: tout a massive investment in the local economy. But this was not just any investment – it was $6.1 billion provided by the CHIPS and Science Act to Micron Technology, which plans to spend $100 billionRead Entire Article
By JOSH BOAK Associated Press WASHINGTON (AP) — The Biden administration has reached an agreement to provide $6.1 billion in government support for Micron Technology to produce advanced memory computer chips in New York and Idaho. Senate Majority Leader Chuck Schumer, D-N.Y., personally courted Micron to build what would ultimately be a set of four