Biden’s Administration Expected to Unveil Major Financial Boost for Intel to Ramp Up Chip Production

President Biden is set to grant Intel a multibillion-dollar award to boost chip production in the United States. This move aligns with Biden’s economic policies and aims to strengthen the US semiconductor industry, reducing reliance on technology from East Asia. Intel, along with other chip makers like Samsung, Micron, and TSMC, will benefit from the award.

The White House aims to accelerate semiconductor investments and enhance apprenticeship programs to prepare the workforce for factories in states like Arizona and Texas. Intel’s CEO, Patrick Gelsinger, is leading efforts to restore the company’s technology lead and US position in chip production. Intel faces competition from TSMC and Samsung but plans to introduce new production processes and expand its foundry business.

Gelsinger has initiated an expansion campaign with new or upgraded factories in multiple countries, including the US, Ireland, Israel, and Germany. While waiting for the CHIPS Act grant, Intel has relied on debt financing to fund the expansion. However, Gelsinger faces pressure from board members to justify the significant expenditures on new factories.

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Unlikely Industry Player Anguilla Profits Big from A.I. Boom

Artificial intelligence’s integration into everyday life has stirred up doubts and unsettling questions for many about humanity’s path forward. But in Anguilla, a tiny Caribbean island to the east of Puerto Rico, the A.I. boom has made the country a fortune. The British territory collects a fee from every registration for internet addresses that end […]

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China Surpasses U.S. in A.I. Talent: A Key Metric

China lags behind the United States in artificial intelligence that powers chatbots like ChatGPT but excels in producing scientists behind new humanoid technologies. New research reveals that China has surpassed the United States as the biggest producer of A.I. talent. The country generates almost half the world’s top A.I. researchers, compared to 18 percent from […]

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Brands Brace for Impact as TikTok Faces Criticism

Amid debate in Washington over whether TikTok should be banned if its Chinese owner doesn’t sell it, one group is watching with particular interest: the many brands — particularly in the beauty, skin care, fashion, and health and wellness industries — that have used the video app to boost their sales. Youthforia, a makeup brand […]

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