Intel, the world’s largest chipmaker, has unveiled a sweeping $10 billion cost savings plan that includes cutting over 15,000 jobs, representing approximately 15 percent of its global workforce. Meanwhile, the administration is set to hand over $8.5 billion as part of the CHIPS act designed to create high tech jobs.
President Joe Biden’s administration is reportedly giving $504 million in funding to twelve technology hubs in an effort to expand research in AI, semiconductor manufacturing, and clean energy.
During an interview with PBS’s “Firing Line” that took place on May 1 and was released on Friday, Washington Post columnist and CNN host Fareed Zakaria stated that the way we’re subsidizing chip companies to manufacture in the U.S. isn’t effective because
Intel will reportedly be awarded as much as $8.5 billion in federal grants related to the CHIPS Act, with up to $11 billion more in potential loans available. The funds are expected to be used for manufacturing and research facilities in Arizona, New Mexico, Ohio, and Oregon.
The Pentagon’s surprise decision to withdraw $2.5 billion in funding for Intel’s semiconductor manufacturing plans has created a significant shortfall in the company’s expected incentives under the CHIPS Act.
Former President Donald Trump excoriated Democrat President Joe Biden for screwing up efforts his administration began to make important stuff in America again during an exclusive interview with Breitbart News.
The bones of the U.S. economy are looking good as we hurtle toward the warming months.
The Chinese government on Tuesday asked the World Trade Organization (WTO) to crack down on U.S. policies intended to revitalize the domestic computer chip industry.
President Joe Biden’s administration is setting up a network of advanced computer-chip facilities to boost domestic manufacturing.
The government of the Netherlands is joining a U.S.-led effort to restrict the export of semiconductor chips to China, a campaign aimed at slowing the growth of the communist country’s military.
The Australian Strategic Policy Institute (ASPI) on Thursday launched a project called the Critical Technology Tracker, which collects and visualizes data representing worldwide progress on “crucial technology fields spanning defense, space, robotics, energy, the environment, biotechnology, artificial intelligence, advanced materials and key quantum technology areas.”
The Federal Reserve’s decision to scale back rate hikes at their last two meetings will be “looked at as an historic mistake because that refueled inflation,” Breitbart Economics Editor John Carney said.
During an interview aired on Thursday’s broadcast of NPR’s “All Things Considered,” Rep. Ro Khanna (D-CA) stated that even though there are incentives to produce chips in the United States under the CHIPS and Science Act that he co-wrote, “a
The Pew Research Center on Wednesday released a poll showing that most American voters are not terribly concerned about Chinese dictator Xi Jinping effectively securing life in power with an unprecedented third term, but they do see Communist China as a problem from various angles, including its human rights abuses and the threat it poses to democratic Taiwan.
Chip giant Intel is reportedly planning to scrap thousands of jobs, likely in an attempt to cut fixed costs and deal with a slowdown in the computer market, Bloomberg reports.
Republican Jim Bognet is tied with Rep. Matt Cartwright (D-PA) in the race for Pennsylvania’s Eighth Congressional District, which includes President Joe Biden’s hometown of Scranton.
Rep. Matt Cartwright (D-PA) has reportedly accepted tens of thousands of dollars of campaign donations from Uyghur labor-linked corporations during his time in Congress.
On Friday’s broadcast of Bloomberg’s “Bloomberg Markets,” Economics Professor at the University of Chicago Booth School of Business Austan Goolsbee, who served as Chairman of the Council of Economic Advisers under President Barack Obama, stated that the Inflation Reduction Act and
Former President Donald Trump ripped Senate Minority Leader Mitch McConnell (R-KY), stating Democrats bamboozled him on the $700 billion Inflation Reduction Act.
President Joe Biden and congressional Democrats, with Republican help, are poised to spend $3.5 trillion during decades-high inflation.
