Latest in Intel Gets Up to $7.9 Billion Award for U.S. Chip Plant Construction
Sort by
3,460 items
-
Intel Gets Up to $7.9 Billion Award for U.S. Chip-Plant Construction
The government grant is less than originally expected because the chip giant is also receiving separate funding for defense-related projects.Tech - The Wall Street Journal - 12 hours ago -
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 - 17 hours ago -
Arizona Chip Plant Gets $6.6 Billion Ahead of Trump Return
Taiwan Semiconductor Manufacturing’s U.S. unit will get federal money from the CHIPS Act, and will share some profits with the government.Business - Inc. - November 15 -
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 - 18 hours ago -
Qualcomm says it expects $4 billion in PC chip sales by 2029, as company gets traction beyond smartphones
Qualcomm said on Tuesday that it expects its push into new markets to generate an additional $22 billion per year by 2029.Business - CNBC - November 19 -
Elon Musk's xAI raising up to $6 billion to purchase 100,000 Nvidia chips for Memphis data center
Elon Musk's artificial intelligence company xAI is raising up to $6 billion at a $50 billion valuation, according to CNBC's David Faber.Business - CNBC - November 15 -
TSMC Chips Ended Up in Devices Made by China’s Huawei Despite U.S. Controls
The U.S. government has tried to keep Chinese companies from obtaining certain advanced technologies, but concerns have been growing that some products may have been routed to Huawei.Business - The New York Times - October 29 -
John Fisher pledges $1 billion to construction of A's stadium in Las Vegas
Athletics executive Sandy Dean says club owner John Fisher and his family will invest $1 billion into the construction of a stadium in Las Vegas and U.S. Bank and Goldman Sachs will offer a $300 ...Sports - ABC News - October 31 -
A Year on, Intel’s Touted AI-chip Deals Have Fallen Short
Despite increased sales projections overall, the chipmaker did not sell as many of its Gaudi AI chips as its CEO hoped.Business - Inc. - November 1 -
Washington Curtails Intel’s Chip Grant After Company Stumbles
The Biden administration is reducing its award to the chip maker, partly to account for a multibillion-dollar military contract.Business - The New York Times - 2 days ago -
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 - 16 hours ago -
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 -
Intel Posts $16.6 Billion Quarterly Loss, Its Biggest Ever
The Silicon Valley chip maker has struggled to turn around its fortunes after missing opportunities and poor execution.Tech - The New York Times - October 31 -
Construction spending ticks up to four-month high in September
Construction spending rose 0.1% in September, the Commerce Department reported Friday.Business - MarketWatch - November 1 -
Denmark will plant 1 billion trees and convert 10% of farmland into forest
Danish lawmakers have agreed on a deal to plant 1 billion trees and convert 10% of farmland into forest and natural habitats in an effort to reduce fertilizer usage over the next two decadesWorld - ABC News - November 18 -
Intel Posts More Than $16 Billion Loss but Says Sales Outlook Is Improving
The chip maker attributed nearly $16 billion in charges to its sweeping restructuring efforts. The company’s rosy sales forecast sent shares up about 8% after hours.Business - The Wall Street Journal - October 31 -
Stellantis Plans to Cut 1,100 Jobs at U.S. Jeep Plant
Jeep maker Stellantis said it is cutting 1,100 jobs at a U.S. factory as it seeks to reduce high inventory levels that have weighed on its performance.Business - The Wall Street Journal - November 7 -
New Delhi closes schools as air pollution shoots up to worst level this season
Authorities in India’s capital have shut schools, halted construction and banned non-essential trucks from entering the city after air pollution shot up to its worst level this seasonWorld - ABC News - November 18 -
Quikrete bulks up even more ahead of potential construction boom by buying Summit Materials
With interest rates coming down, the largest concrete company is buying Summit at a deal value of $11.5 billion including debt.Business - MarketWatch - Yesterday -
U.S. Chip Toolmakers Move to Cut China From Supply Chains
Applied Materials and Lam Research are telling vendors to follow new restrictions, spurred by U.S. government pressure.Tech - The Wall Street Journal - November 4 -
Biden announces $3 billion investment in U.S. ports
President Biden announced a $3 billion investment to reinvigorate ports across the U.S. Mr. Biden spoke from the Port of Baltimore, not far from the site of the Francis Scott Key Bridge collapse.Top stories - CBS News - October 29 -
EV Project to Get $6 Billion in Federal Loan
The financing for a factory in Georgia is part of a last-minute effort to establish climate policies before President-elect Donald J. Trump takes office.Business - The New York Times - 19 hours ago -
Speaker Johnson does clean up on CHIPS Act repeal question
Speaker Mike Johnson (R-La.) quickly backtracked after saying at a campaign event on Friday that he would “probably” move to try to repeal the CHIPS and Science Act, marking the second time in a ...Politics - The Hill - November 2 -
Amazon steps up effort to build AI chips that can rival Nvidia
Big Tech group’s Annapurna Labs is spending big to build custom chips that lessen its reliance on market leaderBusiness - Financial Times - November 12 -
Nigeria signs $1.2 billion deal with Chinese state-owned company to revamp key gas plant
Nigeria has inked a $1.2 billion deal with a Chinese firm to revitalize a gas processing facility, a move that officials say could propel the African country to a leading position in aluminum ...World - ABC News - November 13 -
Microsoft Earnings Show Quarterly Revenue Is Up 16% to $65.6 Billion
The company’s profit increased 11 percent to $24.7 billion, beating Wall Street’s expectations and its own predictions.Tech - The New York Times - October 30 -
AMD and Alphabet hit earnings targets this week — now Apple, Amazon, Microsoft and Intel get their shot
The stock market is giving Big Tech tougher demands for its continued support.Business - MarketWatch - October 30 -
U.S. Jury Awards $42 Million to Iraqi Men Abused at Abu Ghraib
A Virginia-based military contractor that supplied interrogators to the Army at a notorious prison was found liable for the abuse of three men there.Top stories - The New York Times - November 12 -
Why Botham Jean’s Family Won’t Get $100 Million Awarded by Jury
Cities have paid out billions of dollars in police misconduct cases, but depending on the case, families may not receive any money at all. A recent $100 million penalty for a police shooting case ...Top stories - The New York Times - 5 days ago -
Biden to unveil $3 billion investment in U.S. ports in Baltimore
President Biden will announce initiative to modernize ports across the U.S. and improve working conditions for dockworkers.Top stories - CBS News - October 29 -
Biden Announces $3 Billion to Cut Carbon Emissions at U.S. Ports
On a visit to Baltimore, the president said federal grants would help upgrade port infrastructure at 55 sites nationwide.Business - Inc. - October 29 -
The U.S. Air Force Strategy That Flexport Uses to Move Billions in Merchandise
Ryan Petersen’s Flexport technology moved $32 billion worth of merchandise in 2023 alone.Business - Inc. - November 13 -
ByteDance Valuation Hits $300 Billion Amid Possible U.S. TikTok Ban
ByteDance, owner of TikTok, has placed its own value at this figure.Business - Inc. - November 16 -
The British Museum Gets a Giant Gift: $1.27 Billion of Chinese Ceramics
Sir Percival David’s collection, amassed in the early 1900s, includes prized vases and wine cups. “You simply couldn’t build up a collection like this today,” one expert said.Top stories - The New York Times - November 13 -
Bitfinex Hacker Gets 5 Years for $10 Billion Bitcoin Heist
Plus: An “AI granny” is wasting scammers’ time, a lawsuit goes after spyware-maker NSO Group’s executives, and North Korea–linked hackers take a crack at macOS malware.Tech - Wired - November 16
