Tag: semiconductor manufacturing

Intel shares fall 20% on plans to cut 15,000 jobs

Tina Marie (Ms. Cat)

Intel on Thursday revealed drastic plans to slash its employee headcount and capital spending in an attempt to put its business back on a stable financial footing, as it suffered the latest setback in its slow-moving turnaround plans.

Intel shares fall 20% on plans to cut 15,000 jobs

Related:

US CHIPS Act Funding for Intel

On March 20, 2024, the U.S. Department of Commerce and Intel Corporation announced a preliminary memorandum of terms under which Intel will receive approximately $8.5 billion in direct funding under the CHIPS and Science Act. Funding will help advance Intel’s critical semiconductor manufacturing and research and development projects at sites in Arizona, New Mexico, Ohio and Oregon – U.S. locations where the company produces some of the world’s most advanced chips and semiconductor packaging technologies.

Meanwhile, in China:

China’s ‘basic self-sufficiency’ in chip-making tools could come this summer, veteran says

TSMC Arizona chip plant will be a paperweight, says analyst

Tina Marie (Ms. Cat)

The TSMC Arizona chip plant is behind schedule, over budget, and the subject of contention in online forums – and now an analyst says that it will be little more than a useless paperweight, even when it does finally begin production.

Not only will it only make chips for older Apple devices, but it can’t even complete the process of making those without sending them back to Taiwan for final assembly …

TSMC Arizona chip plant will be a paperweight, says analyst

Blinken’s Visit to China Confirmed After Call With Chinese FM

Tina Marie (Ms. Cat)1 Comment

The State Department confirmed on Wednesday that Secretary of State Antony Blinken will be visiting China, making him the highest-level Biden administration official to make the trip.

Blinken’s Visit to China Confirmed After Call With Chinese FM

Global Times:

Blinken visit still ‘opportunity’ amid mutual low expectations

Shortly before Blinken’s visit was confirmed by China, Chinese State Councilor and Foreign Minister Qin Gang had a phone call with Blinken at the latter’s request. During the phone call, Qin expounded on China’s firm stance on core concerns such as the Taiwan question.

Vance: Biden Admin ‘Moralizing And Lecturing’ Other Countries While China Builds Roads And Feeds People + More

Tina Marie (Ms. Cat)

Republican Ohio Senator J.D. Vance accused the Biden administration of “moralizing and lecturing” other countries in a floor speech opposing a new diplomatic nominee late Wednesday.

Vance: Biden Admin ‘Moralizing And Lecturing’ Other Countries While China Builds Roads And Feeds People

Video via African Diaspora News Channel

Related:

Get Progressive Politics Out of Foreign Policy, Says JD Vance

“Right now, you know that Joe Biden is not sending weapons to Taiwan, weapons that we promised the Taiwanese, because we’re sending those weapons to Ukraine or elsewhere,” Vance said.

…

Though Vance said he admires the brave people of Ukraine, he said America should remove troops and resources from Ukraine.

…

“It’s time to manufacture our weapons in the United States,” the Ohioan said. “And it’s time to send a message to the world that America is the arsenal of democracy, but we cannot do that unless you get out and stop the focus on Ukraine.”

Arsenal of Democracy

“The great arsenal of democracy” came to specifically refer to the industry of the U.S., as the primary supplier of material for the Allied war effort [WWII].

Meanwhile, he wants to pull a Zelensky back home. /s