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Yesterday β€” 27 December 2024Main stream

LG mounts planters on a lamp for apartment growing

27 December 2024 at 10:26

LG may have the earliest big press conference of CES, but the Korean electronics giant still can’t help announcing a bunch of products ahead of the show. As ever, the pile of news is a mixed bag with a few interesting additions. These plant lamps undoubtedly qualify as the latter. Details on the products β€” […]

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Before yesterdayMain stream

Workers demand more transparency after Intel secures $8B CHIPS funding

On Tuesday, the Biden-Harris administration finalized a CHIPS award of up to $7.865 billion to help fund the expansion of Intel's commercial fabs in the US. By the end of the decade, these fabs are intended to decrease reliance on foreign adversaries and fill substantial gaps in America's domestic semiconductor supply chain.

Initially, Intel was awarded $8.5 billion, but it was decreased after Intel won a $3 billion subsidy from the Pentagon to expand Department of Defense semiconductor manufacturing. In a press release, Secretary of Commerce Gina Raimondo boasted that the substantial award would set up "Intel to drive one of the most significant semiconductor manufacturing expansions in US history" and "supercharge American innovation" while making the US "more secure."

For Intel, the CHIPS funding supports an expected investment of nearly $90 billion by 2030 to expand projects in Arizona, New Mexico, Ohio, and Oregon. Approximately 10,000 manufacturing jobs and 20,000 construction jobs will be created "across all four states," the Commerce Department's press release said. Additionally, Intel estimated that the funding will create "more than 50,000 indirect jobs with suppliers and supporting industries."

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