Latest in Intel and Commerce Department finalize $7.9 billion CHIPS Act grant
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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 -
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 - 17 hours ago -
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 -
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 - 22 hours ago -
Biden administration finalizes $6.6B in chips grants for TSMC before Trump takes office
The White House on Friday announced it had finalized an agreement with a major semiconductor manufacturer to invest billions of dollars in facilities in Arizona as President Biden looks to cement ...Politics - The Hill - 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 - 23 hours ago -
Trump picks Howard Lutnick to run commerce department
Cantor Fitzgerald boss to also have ‘direct responsibility’ for the office of the US trade representativeBusiness - Financial Times - November 19 -
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 -
Biden Team Races to Deliver Chip Grants Before Trump Takes Over
Government officials and chip makers like Intel are in talks over billions of dollars aimed at growing domestic manufacturing.Tech - The Wall Street Journal - November 19 -
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 -
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 -
Harris slams Speaker Johnson’s comments about CHIPS Act
Vice President Harris took a swipe at Speaker Mike Johnson (R-La.) Friday evening, after Johnson said on the campaign trail that he would "probably" move to try to repeal the CHIPS and Science Act. ...Politics - The Hill - November 2 -
House Speaker Johnson Walks Back Talk of Repealing CHIPS Act
In an up for grabs New York congressional district getting a Micron plant through federal grants, a comment that the GOP ‘probably will’ try to repeal the program quickly gets massaged to a desire ...Business - Inc. - November 4 -
Why Trump May Drop Plans to Repeal Biden’s Chips Act
The president-elect has a record of reversing policies from prior administrations, but there are many reasons he might spare Biden’s program to boost domestic semiconductor manufacturing.Business - Inc. - November 7 -
TSMC secures $11.6bn in funding as Chips Act faces uncertain future
Joe Biden’s administration is pushing to distribute funds before Donald Trump retakes the White HouseWorld - Financial Times - November 15 -
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 -
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 -
Former Startup Rocket Lab Wins Chip Making Grant, Along with BAE Systems
The Commerce Department is hurrying to finalize federal subsidies to semiconductor manufacturers to ensure domestic sources of the vital computer processors.Business - Inc. - Yesterday -
Activist Kianoosh Sanjari’s Final Act Stuns Iran
Repeatedly imprisoned in his country, Kianoosh Sanjari refused to be silenced by the government. But in the end, despairing of change, he silenced himself.World - The New York Times - November 20 -
Justice Department sues to block UnitedHealth Group's $3.3 billion purchase of Amedisys
The Justice Department is suing to block UnitedHealth Group’s $3.3 billion purchase of AmedisysHealth - ABC News - November 12 -
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 -
This Is the Best Way to Apologize When You’ve Acted Like a Jerk, According to Star Psychologist Adam Grant
A standard ‘I’m sorry’ works when you do something dumb. But when you act like a jerk, you need to offer a different kind of apology.Business - Inc. - 6 days 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-richWorld - 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 teamWorld - 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 prisonWorld - 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 companiesWorld - Financial Times - November 20 -
Kroger Finalizes $1.37 Billion Opioid Crisis Settlement
Kroger finalized a $1.37 billion settlement in connection with the grocery chain’s role in the U.S. opioid crisis, Nevada Attorney General Aaron Ford said.Business - The Wall Street Journal - November 4 -
House Speaker Johnson says GOP may try to repeal CHIPS Act, then walks it back
House Speaker Mike Johnson is trying to clarify remarks he made at a New York campaign rally where he suggested that Republicans may try to repeal legislation that has spurred U.S. production of ...Tech - ABC News - November 1 -
Harris slams Speaker Mike Johnson for saying the GOP may repeal CHIPS Act
Vice President Kamala Harris tore into Speaker Mike Johnson, R-La., on Saturday for his comment that Republicans might seek to repeal the CHIPS and Science Act if they take control of Congress in ...Politics - NBC News - November 2 -
Harris defends CHIPS Act after House Speaker Johnson suggests GOP would try to repeal law
Donald Trump regularly attacks Vice President Kamala Harris and President Biden for the CHIPS Act.Business - CNBC - November 2 -
Trump likely to uphold CHIPS Act despite his campaign rhetoric, policy experts say
President elect Donald Trump is unlikely to roll back the Biden administration’s CHIPS and Science Act, despite his campaign rhetoric on the bill, experts say.Business - CNBC - November 7 -
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 -
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