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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 -
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 -
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 -
Trump Will Likely Cut the Ribbons on Biden’s Factories and Infrastructure Projects
The outgoing president funded new plants and big economic initiatives, but his successor may be able to put his name on the finished products.Business - Inc. - November 12 -
Trump chooses Susie Wiles as White House chief of staff
President-elect chooses his 2024 campaign manager in first appointment to major role in administrationWorld - Financial Times - November 7 -
How Orbán seized the Trump moment to speak for Europe
Also in this newsletter: Italy’s second attempt to ship migrants to AlbaniaWorld - Financial Times - November 8 -
The Fed talks about not talking about Trump
Jay Powell sets some limitsWorld - Financial Times - November 8 -
Over 60 held as violence breaks out against Israeli football fans in Amsterdam
Clashes take place after Europa League match between Ajax and Maccabi Tel AvivWorld - Financial Times - November 8 -
Japan’s new kingmaker pushes for income tax threshold rise
Yuichiro Tamaki’s once-fringe DPP has leverage over Prime Minister Shigeru Ishiba’s weakened ruling partyWorld - Financial Times - November 8 -
Intel takes $18.7bn in restructuring and impairment charges
Smaller than expected sales decline boosts shares as chipmaker tries to recover from misjudging demandBusiness - 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 -
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 -
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 -
US Intel Says Insider Threats Are 'Likely' During the Election
A government memo viewed by WIRED states that insider threats “could derail or jeopardize a fair and transparent election process.”Tech - Wired - October 28 -
Intel shares jump 7% on earnings beat, uplifting guidance
Intel reported better-than-expected earnings following a quarter filled with challenges.Business - CNBC - October 31 -
Intel books big charges for restructuring, but here’s why its stock is surging
The company says business trends are improving despite ‘noisy’ earnings.Business - MarketWatch - November 1 -
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 -
Intel CEO’s turnaround mirrors some moves by Steve Jobs. But is it too late?
Intel Corp. Chief Executive Pat Gelsinger gave a few important details Thursday about the company’s ongoing restructuring that mirrored some of the moves that Steve Jobs made at Apple — but it may ...Business - MarketWatch - November 1 -
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 -
Intel agencies pinpoint Russia as behind false Haitian Georgia voting claims
Intelligence agencies on Friday condemned Russian interference in the U.S. election, identifying the U.S. adversary as being behind a recent video amplifying false claims of Haitians attempting to ...Politics - The Hill - November 1 -
Nvidia to join Dow Jones Industrial Average, replacing rival chipmaker Intel
Nvidia is replacing Intel in the Dow Jones Industrial Average, a shakeup that reflects a massive change in the semiconductor industry.Business - CNBC - November 1 -
Nvidia to replace Intel in the Dow, underscoring downfall of an industry titan
Nvidia will replace Intel in the Dow Jones Industrial Average, illustrating a changing of the guard in technology and the downfall of what was once an industry titan.Business - MarketWatch - November 1 -
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 -
Nvidia Takes Intel’s Spot on Dow Index as AI Thrives
The AI chip maker will join the 30-company stock indexm which is seen as a bellwether for U.S. economic fortunes.Business - Inc. - November 4 -
The Dow needs Nvidia to give chipmakers representation in index after Intel's plunge
Intel has fallen so far so fast that the chipmaker's stock price is no longer having an impact on the Dow Jones Industrial Average.Business - CNBC - November 4 -
Republicans lash out at Democrats' claims Trump intel pick Gabbard is 'compromised'
She had secret meetings, as a congresswoman, with Syria’s president.Top stories - 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 -
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 -
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 -
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