China blocks use of Intel and AMD chips in government computers: report
Former State Department Spokesperson Morgan Ortagus joins The Bottom Line to discuss the potential national security risks posed by American companies doing business in China. China The government has instituted new guidelines aimed at phasing out the use of American microprocessors from Intel and AMD in government computers and servers, the Financial Times reported on […]
Intel plans US building spree with $20B federal CHIPS subsidies
In “The Claman Countdown,” Intel CEO Pat Gelsinger details how $8.5 billion from CHIPS and the Science Act will be used for four projects, including a factory in Ohio. Semiconductor giant Intel announced Wednesday that it will receive approximately $20 billion in federal grants under the CHIPS and Science Act to advance semiconductor manufacturing projects […]
Intel Awarded Up to $8.5 Billion in CHIPS Act Grants for Facilities in 4 States
Intel is reportedly set to receive up to $8.5 billion in federal grants related to the CHIPS Act, and could receive up to $11 billion in additional loans. The funding will be used for manufacturing and research facilities in Arizona, New Mexico, Ohio and Oregon. Intel is set to receive up to $8.5 billion in […]
Nepal Requires Tracking Chips for Mount Everest Climbers
Nepal’s government announced on Thursday that all Everest climbers will now be required to carry a GPS tracking chip to aid rescue and recovery efforts. “Prominent companies were already using them, but now they are mandatory for all climbers. It will reduce search and rescue time in case of an accident,” said Nepal Tourism Director […]
Nvidia shares surge past $700 as demand for AI chips shows no signs of slowing
Shares of chip designer Nvidia soared in after-hours trading Wednesday after the company projected higher-than-expected sales, banking on huge demand for its industry-leading artificial intelligence chips. Nvidia’s fourth-quarter revenue exceeded expectations by 7%. However, for the first three quarters of 2023, Nvidia was reporting quarterly revenue that was 10% to 20% higher than analysts expected. […]
Largest US semiconductor maker snags $1.5B from stalled Chips Act for plants in NY, Vermont
The Biden administration gave $1.5 billion to the nation’s largest semiconductor maker. This is the first major subsidy from the $52 billion TIP law passed nearly two years ago. GlobalFoundries, the world’s third-largest contract chipmaker, will build a new semiconductor manufacturing facility in Malta, New York, and expand existing operations at the facility and another […]
GOP senators urge Biden admin to ‘immediately’ end ‘racist’ policy in CHIPS grant approval: ‘Anti-American’
Exclusive: Republican senators are calling on the Biden administration to immediately rescind what they call “racist” and “un-American” policies regarding the distribution of CHIP Act subsidies before they violate the law. The top Republican on the Senate Commerce Committee, Sen. Ted Cruz (R-Texas), and members Sen. J.D. Vance (R-Ohio) and Sen. Cynthia Lummis (R-Wyo.) appear […]
GOP’s Salazar says she can’t recall how she voted on CHIPS, appropriations bills
Rep. Maria Salazar (R-Fla.) said Sunday she couldn’t remember how she voted for two important bills she’s touted as victories she brought home. in interview On CBS News Miami, Salazar repeatedly wavered when asked about his votes against specific bills, including the CHIPS and Science Act and the Consolidated Appropriations Act of 2023. Salazar said […]
Teen suspects in killing of store clerk over stolen chips turn themselves in
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Texas convenience store worker shot and killed chasing shoplifters who stole bag of chips
A Texas convenience store clerk was shot and killed Friday after chasing a pair of shoplifters who stole a bag of potato chips, police said. Police said one of the suspects chased two people in his car at a Sunoco gas station in Humble, Texas, and fired shots at the store manager after they tried […]