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Tue. 11/26 – Apple Going Too Thin Again?
Nov 26, 2024
Intel secures a massive $7.9 billion for U.S. chip manufacturing, aiming to enhance supply chains. Threads adapts to competition with Bluesky by letting users choose their feed. Huawei shakes up the market with its new Mate 70 smartphone, while Apple faces backlash for pushing iPhone designs to extreme thinness—could we lose the SIM card slot? Plus, the drama unfolds as Drake calls out UMG and Spotify over alleged music manipulation, adding fuel to the fire of hip-hop rivalries!
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Quick takeaways
- Intel receives up to $7.9 billion from the U.S. government to boost domestic semiconductor manufacturing and reduce reliance on Asian production.
- Threads is enhancing user engagement by allowing customization of default feeds in response to competition from rival platform Bluesky.
Deep dives
Intel Receives Funding Under the CHIPS Act
Intel has secured up to $7.865 billion from the U.S. government under the CHIPS Act, aimed at bolstering domestic semiconductor manufacturing. This funding will be allocated for new factories and expansion projects across several states, including Arizona and New Mexico, in response to supply chain challenges highlighted during the COVID era. The financial support is viewed as a move to diminish the reliance on Asian chip production, as the U.S. currently holds only about 12% of the global semiconductor market. Intel's agreement includes a prohibition on stock buybacks for five years, emphasizing a commitment to reinvestment in U.S. manufacturing capabilities.
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