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
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...
The US Commerce Department is awarding iPhone processor manufacturer TSMC $6.6 billion and providing low-cost loans, for a third fabrication plant in Arizona. TSMC's headquarters in Hsinchu, Taiwan Taiwan Semiconductor Manufacturing Co (TSMC) is the manufacturer of the processors in Apple's iPhones, iPads, and Macs. While the majority of its manufacturing continues to take place in Taiwan, TSMC has also been creating other plants in places such as Germany and especially in Arizona. ...
NBCUniversal is looking to set records with ad sales for the 2024 Olympic Games in Paris. With April 17 marking 100 days from the Games, NBC’s president of ad sales and partnerships Dan Lovinger announced on Tuesday that the company has already netted $1.2 billion in commitments. According to Lovinger, that's on pace to pass the ad sales record. "We're also approaching a new ad revenue record with Paris 2024, on track to generate the most advertising revenue in Olympic history," Lovinger...
Canada's AI industry receives a $2.4 billion federal funding boost, signaling a push for innovation and adoption across sectors, with concerns over regulatory adequacy.
The Biden administration just announced a preliminary agreement to award Samsung up to $6.4 billion in grants as part of CHIPS Act funding. This money will complement the $44 billion in private investment that the company has promised to spend in the state to build a “semiconductor ecosystem.” This money will be spent to finish a “leading-edge” campus in Taylor, Texas that will focus on research and development of advanced logic technologies, manufacturing and, perhaps most importantly,...
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
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
In addition to the proposed amount, the CHIPS Program Office will also provide $5 billion in low-cost loans, a statement by US Department of Commerce said.
Figures from the Department for Levelling Up show motorists paid £1.93 billion in fees and fines for parking in the year to April 2023 - up from £1.76 billion the previous year.
The Taiwanese firm, which supplies the likes of Apple and Nvidia, agreed to build a third factory in Phoenix as part of a $65 billion investment in the production hub.
The U.S. government will give Samsung up to $6.4 billion in direct funding to boost its chip production in Texas, the Commerce Department said on Monday.In return, the South Korean tech giant will commit $45 billion in investment for its two chip production facilities, one under construction in Taylor and another exiting one in Austin. Samsung will also build an additional advanced packaging plant and a research center.Samsung becomes the third-largest receipt of funding from the U.S. under the...