Commerce Department to reduce Intel's funding on semiconductors

The Biden administration plans on reducing part of Intel’s $8.5 billion in federal funding for computer chip plants around the country, according to three people familiar with the grant who spoke ...

Tech - ABC News - Yesterday

Intel and Commerce Department finalize $7.9 billion CHIPS Act grant

The struggling chipmaker has cut jobs and pared back expansion plans as it grapples with its worst downturn ever, making the CHIPS Act money a welcome boost.

Business - CNBC - 22 hours ago

Nvidia replaces Intel on the Dow index in AI-driven shift for semiconductor industry

Nvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run ...

Tech - ABC News - November 2

Trump picks Howard Lutnick to run commerce department

Cantor Fitzgerald boss to also have ‘direct responsibility’ for the office of the US trade representative

Business - Financial Times - November 19

New York semiconductor site picked for $825 million in funding

U.S. Sen. Chuck Schumer says a semiconductor research facility in upstate New York will be getting $825 million in funding as one of three national technology centers

Tech - ABC News - October 31

Taiwan Semiconductor secures CHIPS Act funding for three Arizona plants

Taiwan Semiconductor Manufacturing Co. is being awarded up to $6.6 billion in CHIPS Act funding, the Commerce Department said Friday.

Business - MarketWatch - November 15

Biden administration finalizes nearly $8B in CHIPS funding for Intel

Intel will receive about $7.86 billion in funding from the CHIPS and Science Act to build new semiconductor manufacturing facilities across four states under its finalized agreement with the Biden ...

Politics - The Hill - 21 hours ago

Milan beats London and New York as home to most expensive shopping street

Rents on Via Monte Napoleone have jumped as tax break schemes lure the super-rich

World - Financial Times - November 20

SpaceX abandons attempt to catch Starship booster as Trump watches

Test was a setback for owner Elon Musk, who has become an influential figure in president-elect’s transition team

World - Financial Times - November 20

Hong Kong media tycoon Jimmy Lai denies foreign collusion in security trial

Fierce critic of Beijing testifies for first time as he faces up to life in prison

World - Financial Times - November 20

From vinegar to pet scans: Italy’s nimble and dynamic family businesses

Dozens feature in new FT-Statista ranking of fast growing European companies

World - Financial Times - November 20

New York Site for Semiconductor Research to Get $825 Million

Another CHIPS ACT project, this one outside Albany, will be one of three national technology centers developed with federal funding.

Business - Inc. - October 31

Biden Cuts Intel’s Chip Award by More Than $600 Million

The Silicon Valley company will receive less money from the CHIPS Act after winning a $3 billion military contract and changing some of its investment commitments.

Business - The New York Times - 23 hours ago

Trump expected to pick Howard Lutnick for Commerce secretary

President-elect Trump is expected to nominate Howard Lutnick to serve as Commerce secretary, a source familiar told The Hill. Lutnick is the chair and CEO of Cantor Fitzgerald and is also currently ...

Politics - The Hill - November 19

Trump reportedly picks Howard Lutnick as commerce secretary

Billionaire founder of financial firm Cantor Fitzgerald was one of president-elect’s biggest fundraisers. Donald Trump has reportedly picked one of his biggest fundraisers for the position of ...

World - The Guardian - November 19

Trump expected to pick Howard Lutnick for Commerce Secretary

President-elect Trump is expected to pick Cantor Fitzgerald CEO Howard Lutnick, who is serving as his transition co-chair, to serve as his secretary of commerce.

Trump Picks Howard Lutnick for Commerce Secretary

The billionaire executive and leader of President-elect Donald J. Trump’s transition team will be charged with promoting U.S. industry and overseeing technology controls on China.

Business - The New York Times - November 19

Trump picks Howard Lutnick for commerce secretary job

President-elect Donald Trump on Tuesday announced that he has picked Cantor Fitzgerald CEO Howard Lutnick as his secretary of the Department of Commerce.

GSK cuts vaccine sales target on reduced demand

U.K. drugmaker GSK on Wednesday cut its vaccine sales guidance for the year after what it called lower-than-expected demand.

Business - MarketWatch - October 30

Report: Giants expected to reduce payroll for 2025 season

The San Francisco Giants reportedly are expected to reduce their adjusted payroll for the 2025 MLB season.

Sports - Yahoo Sports - November 9

McIlroy to keep European events in reduced schedule

Rory McIlroy vows to retain DP World Tour events as a key part of his schedule next year while skipping some tournaments in America after an intense 2024.

49ers lacked offensive pulse without their 'system' QB and blowout loss to Green Bay was final nail in Niners' 2024 season

Let this be the standard that ends all talk about Kyle Shanahan being able to make it work with any QB in his scheme. It’s a fallacy that has been proven before, but also conveniently forgotten.

Sports - Yahoo Sports - 2 days ago

Intel takes $18.7bn in restructuring and impairment charges

Smaller than expected sales decline boosts shares as chipmaker tries to recover from misjudging demand

Business - Financial Times - October 31

After Intel’s messy earnings report, this much is clear

Intel CEO Pat Gelsinger seems to have the board’s backing for his plan to run Intel’s foundry and design businesses combined, analyst says, despite reports of potential merger interest or a split.

Business - MarketWatch - November 1

Nvidia Will Replace Intel in the Dow Jones Stock Index

The change, starting next Friday, lifts a dominant player in artificial intelligence over its chip-making rival, which has struggled to keep up.

Tech - The New York Times - November 1

The latest intel on the Timberwolves' ownership drama -- and the battle that looms

With arbitration set to begin Monday, here's the latest on Glen Taylor, Alex Rodriguez and Marc Lore -- and the battle for the multibillion-dollar franchise.

Sports - ESPN - November 4

Qualcomm’s interest in buying rival Intel is reportedly fading

Semiconductor maker Qualcomm Inc.’s interest in acquiring rival Intel Corp. is souring, Bloomberg News reported Monday night.

Business - MarketWatch - Yesterday

Harris slams House speaker for suggesting GOP would cut federal semiconductor aid

Democrat Kamala Harris and Republican Donald Trump are zeroing in on Sunbelt states as they embark on one last weekend quest to sway undecided voters in battleground states that will determine the ...

Will Trump’s tariffs cause price hikes in electronics? Here’s how his plans could lead to trouble in the semiconductor industry

The semiconductor industry could be facing some serious trouble next year, if President-elect Donald Trump follows through on some of his campaign promises.

Business - MarketWatch - November 16

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